Freshfields Bruckhaus Deringer and Hengeler Mueller are advising on credit financing for Siemens Energy as the company, spun off from the engineering giant Siemens, plans to list on the stock market.

The listing, which has been valued by analysts at roughly €10 billion ($12 billion), according to Reuters, could prove to be one of the biggest initial public offerings of the year, as companies have avoided the market since the coronavirus outbreak spread to Europe.