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Philips set to rake in 750 mn euros in IPO windfall

Dutch electronics giant Philips set a price of 20 euros per share Thursday, a day ahead of a highly anticipated IPO of its lighting arm, and said it was expecting to raise 750 million euros.

Philips eyes almost billion euro IPO windfall

Dutch electronics giant Philips announced Monday it will float 25 percent of its shares in a highly anticipated IPO of its lighting arm which could raise almost one billion euros.

Philips profit hit as readies lighting spin-off

Electronics giant Philips on Monday posted a 63-percent slump in first quarter profits for 2016, blaming the fall on a high tax bill incurred for a major company restructuring.

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