German industrial conglomerate Siemens is debating a listing on a U.S. stock exchange for Siemens Healthineers when the division is spun off as an independent company later this year, according to a report by Reuters.
An article published February 10 in Reuters quoted an interview by German newspaper Euro am Sonntag with Siemens CEO Joe Kaeser, in which he revealed that the company is looking at listing Siemens Healthineers on a U.S. exchange rather than one in Europe.
Stock valuations on U.S. exchanges are higher right now than in Europe, which would make such a listing advantageous for Siemens, he told the newspaper.
Siemens is in the process of preparing an initial public offering for Siemens Healthineers that would open the company up to outside investors while Siemens retained a significant stake.
![Images show the pectoralis muscles of a healthy male individual who never smoked (age, 66 years; height, 178 cm; body mass index [BMI, calculated as weight in kilograms divided by height in meters squared], 28.4; number of cigarette pack-years, 0; forced expiratory volume in 1 second [FEV1], 97.6% predicted; FEV1: forced vital capacity [FVC] ratio, 0.71; pectoralis muscle area [PMA], 59.4 cm2; pectoralis muscle volume [PMV], 764 cm3) and a male individual with a smoking history and chronic obstructive pulmonary disorder (COPD) (age, 66 years; height, 178 cm; BMI, 27.5; number of cigarette pack-years, 43.2, FEV1, 48% predicted; FEV1:FVC, 0.56; PMA, 35 cm2; PMV, 480.8 cm3) from the Canadian Cohort Obstructive Lung Disease (i.e., CanCOLD) study. The CT image is shown in the axial plane. The PMV is automatically extracted using the developed deep learning model and overlayed onto the lungs for visual clarity.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/03/genkin.25LqljVF0y.jpg?auto=format%2Ccompress&crop=focalpoint&dpr=2&fit=crop&h=167&q=70&w=250)
