- General Electric reportedly files for IPO of its health unit, planning a spinoff that would create one of the world's largest pharma giants.
- Bloomberg reports that the IPO will be publicly filed in the spring, and estimates the enterprise value of the business at between $65 billion and $70 billion.
- The industrial conglomerate is working with Goldman Sachs, Bank of America, Citigroup, JPMorgan, and Morgan Stanley on its IPO plans.
General Electric has filed confidentially for an IPO of its health unit, planning a spinoff that would create one of the world's largest pharma giants.