Philips to Raise up to 844 Million Euros in Lighting IPO

May 16, 2016 1:43 PM

26 0

Dutch electronics giant Royal Philips NV has set the price for the initial public offering of its lighting division, saying it will sell 25 percent of shares at a price between 18.50 and 22.50 euros ($20.96-25.50).

The company said Monday the IPO will likely be held Friday, May 27, on Amsterdam's Euronext exchange and will raise around 694-844 million euros ($786-956 million).

Also read: Avista to spend $165 million on smart meters

Read more

To category page