With the passage of time, the medical industry has long been a big cake in everyone's mind. Many well-known companies, from Google to Microsoft, from Apple to Nokia have been deployed into this field. Recently, there has been a familiar figure in the medical industry - Royal Philips. The Dutch company recently made a decision to invest in the medical device sector to help the company's revenue grow faster. The company hopes to gradually transform from traditional consumer goods companies into integrated industrial groups including traditional consumer products, medical health services and lighting business in the next few years.
However, this is not easy for Philips, a veteran traditional company. In fact, in order to support the company's ability to invest in medical devices, the company has recently made up its mind to carry out its lighting business with an IPO worth a total of $6.4 billion. The company expects to conduct the above IPO business on the Euronext.
In fact, the company planned to launch an IPO for related businesses as early as September 2014. On February 1 this year, the company established an independent layout of the lighting business. Earlier, the company had planned to sell its other lighting business, Lumileds. The division includes LED components, automatic lighting and other services. But in the end, the miscarriage was declared due to the obstruction of American managers. And GO Scale Capital from China later acquired 80.1% of the business for $3 billion.
At the same time, Philips plans to inject nearly $10 billion in funding to directly support its healthcare business. This business is based on its lighting business. However, the irony is that the company had thought about dismantling it a few years ago. It is because of this change that Philips's plan has attracted the attention of Wall Street investors. The company’s plan to move into health care in 2014 does not seem to be attracting investors. The company's share price has now fallen by about 8% from 2014.
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