New York, NY 12/19/18—Bloomberg reported this month that GE Healthcare has confidentially filed for an IPO. Earlier this year, GE announced plans to spin-off the business (see IBO 6/30/18). GE did not comment on the report. However, Bloomberg noted that the IPO plans were not definite. The enterprise value of GE Healthcare was estimated at $65–$70 billion, including debt, according to the article quoting Bloomberg Intelligence analysis Karen Ubelhart.

The IPO would provide GE with much needed cash. The IPO money would also provide a GE Healthcare with additional investments and increased visibility.