GE Confidentially Files for IPO of Healthcare Unit
Narrow-moat-rated General Electric made some news as Bloomberg reported late on Dec. 18 that the conglomerate confidentially filed for an initial public offering of its healthcare unit. A GE spokesperson declined to comment on the report, saying only, "As we announced in June, GE intends to separate its healthcare business, but we have not confirmed the form or timing," according to CNBC. Indeed, the form and timing have been the subject of much speculation and debate. We’ve speculated that GE m...General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
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