The shares of “Siemens Energy”, which was part of the German industrial giant “Siemens”, started their first trading days on the Frankfurt Stock Exchange today in a decline.
After the stock began trading at a price of 22.01 euros (25.6 dollars), its value has fallen below 20 euros.
During the period leading up to the stock offering, the expected price per share was in the range of 24 to 30 euros.
The current share price means that the value of the company, which employs about 90,000 people, is estimated at 16 billion euros ($ 18.6 billion).
With the company’s stock offering, the DAX index now consists of 31 companies.
According to the “German”, 55% of the shares of Siemens Energy have been allocated to shareholders of Siemens, while 35.1% are owned by Siemens itself, and 9.9% to the pension fund of the largest company.
Siemens decoupled its energy business to focus on its core operations.
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