“Apollo Global Management acquisition of Lumileds will have a direct impact on Philips Lighting’s IPO as well,” said Roger Chu, Director of Research Department, LEDinside. “By spinning off Lumileds, Philips Lighting can use the cash from the sales to support Philips Lighting’s IPO issuance, thus separating its lighting system and luminaire business from its LED component and automotive lighting. This strategy could generate higher profits and better sales price.”
