[High-tech LED News] Siemens executives recently said that the sales growth of its lighting subsidiary Osram due to the economic recovery is slowing down, and it is independent to explore the LED lighting market. Therefore, it is hoped that Osram will be listed separately.
In May, Siemens selected Deutsche Bank, Goldman Sachs and UBS as its long-term key shareholders, which will allow Osram to conduct an IPO (initial public offering) in the second half of this year, which may raise €3 billion ($4.31 billion).
Today, the European sovereign debt crisis has seriously affected investors' confidence. The competitors in the lighting industry are deeply affected by the decline in consumer spending. In addition, Osram's IPO will be the largest in Germany in a decade, and the industry is saying that Osram can succeed in IPO. Concerns, the relevant people believe that it depends mainly on the extent to which Siemens is willing to reduce the valuation of OSRAM.
In 2010, Siemens predicted that the LED lighting market will grow nearly five-fold to 9.8 billion euros by 2013, and the entire lighting market will grow by 44% to 65 billion euros by 2016. In 2009, OSRAM's profit was affected by layoff costs and excessive inventory, while net profit in 2010 increased nearly 6 times year-on-year to 569 million euros, with revenue reaching 4.68 billion.
In May, Siemens selected Deutsche Bank, Goldman Sachs and UBS as its long-term key shareholders, which will allow Osram to conduct an IPO (initial public offering) in the second half of this year, which may raise €3 billion ($4.31 billion).
Today, the European sovereign debt crisis has seriously affected investors' confidence. The competitors in the lighting industry are deeply affected by the decline in consumer spending. In addition, Osram's IPO will be the largest in Germany in a decade, and the industry is saying that Osram can succeed in IPO. Concerns, the relevant people believe that it depends mainly on the extent to which Siemens is willing to reduce the valuation of OSRAM.
In 2010, Siemens predicted that the LED lighting market will grow nearly five-fold to 9.8 billion euros by 2013, and the entire lighting market will grow by 44% to 65 billion euros by 2016. In 2009, OSRAM's profit was affected by layoff costs and excessive inventory, while net profit in 2010 increased nearly 6 times year-on-year to 569 million euros, with revenue reaching 4.68 billion.
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