Siemens Healthineers AG

Part of the Siemens AG Group, Siemens Healthineers was a small family business, founded in Berlin in 1847. As the name implies, Siemens Healthineers is a healthcare technology developer, with most of its operations taking place in Germany. The company is credited with investing considerable time and resources resulting in groundbreaking advancements in healthcare technology. Some of these include ultrasound techniques for echocardiography and the development of the first cardiac pacemaker. SHL.DE stock is listed on the Frankfurt Stock Exchange. Siemens Healthineers went public in 2018, selling a quarter of its shares at an initial price of €28.00. It was one of Germany’s biggest IPOs in history, rivalled by the 1996 IPO of Deutsche Telekom. The total value of the Siemens Healthineers IPO was $5 billion. Siemens Healthineers has been heavily involved in acquisitions over the last several decades, with some notable purchases, including ultrasound manufacturer, Penrith Corporation and NEO New Oncology AG, a German-based company that provides laboratory diagnostics services. Even though it enjoys a stellar track record, Siemens Healthineers has been ridiculed for its new name, which was adopted in 2016. Previously, the company was known as Siemens Healthcare. Get all the tools you need to track SHL.DE on the eToro platform