Chandler Ariz city hall with lighting from Philips Photo courtesy of Philips Lighting

Chandler, Ariz., city hall with lighting from Philips.

Philips Prepares for Lighting IPO

The world’s largest general lighting company will debut on public markets soon as parent company Royal Philips, based in Amsterdam, the Netherlands, announced its intention to launch an initial public offering and listing on the Euronext Amsterdam stock exchange of at least 25% of Philips Lighting.

Analysts estimate the value of the business at about €5 billion ($5.8 billion), according to Reuters. Philips reports that for the year ended Dec. 31, 2015, Philips Lighting ge

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