Digital Economy Latest News

IPO of SIG Combibloc Becomes 10th Listing on the Swiss Stock Exchange in 2018

With the biggest IPO in Switzerland and among the top three in Europe so far this year, SIX records a double-digit number of listings for the first time in over ten years.

(IPO Of SIG Combibloc – 10th Listing On The Swiss Stock Exchange In 2018)

Jos Dijsselhof, CEO SIX, commented: “After an absence of some 11 years, we are very happy to welcome SIG Combibloc back to the Swiss stock exchange. After CEVA Logistics, the IPO of SIG Combibloc marks the second IPO with a placement volume that exceeds one billion Swiss francs this year which proves the depth of the Swiss capital market.”

Rolf Stangl, CEO of SIG Combibloc, added: “We are delighted to be re-listing on SIX. The IPO is a natural next step in our growth strategy as we continue to bring innovative products to the market and to expand in existing markets and new geographies.”

The issued share capital of SIG Combibloc Group AG comprises 320,053,240 registered shares. A total of 132,000,000 registered shares were placed in the offering, of which 105,000,000 newly issued registered shares thereby raising CHF 1.181 billion in gross proceeds with the main purpose to deliver the company’s balance sheet. In addition, 27,000,000 existing shares were offered by funds managed or advised by affiliates of Onex Corporation and certain members of management. At an issue price of CHF 11.25, the total placement volume (excluding over-allotment option) corresponds to CHF 1.485 billion. Furthermore, the Selling Shareholders granted the Joint Global Coordinators an over-allotment option of up to 19,800,000 existing shares, exercisable in whole or in part within 30 calendar days after the first trading day.

Please follow and like us:
error

Related posts

After Uѕing Acorns, Here аrе Thе Thingѕ I’vе Lеаrnt Abоut Money

thefintechtimes

PayPal Launches Xoom, the International Money Transfer Service in the UK

The Fintech Times

Jumio Launches First End-To-End Biometric Verification Solution

The Fintech Times
error

Enjoy this blog? Please spread the word :)