Landis & Gyr covers its Sfr2.3bn IPO on day one

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Landis & Gyr covers its Sfr2.3bn IPO on day one

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A supporter of Switzerland's Roger Federer holds up his national flag during his fourth round match against David Goffin of Belgium at the Australian Open tennis championships in Melbourne, Australia, Sunday, Jan. 24, 2016.(AP Photo/Vincent Thian) | Vincent Thian/AP/Press Association Images

Landis & Gyr, the Swiss maker of energy meters, began bookbuilding on Wednesday for its IPO on the SIX Swiss Exchange, which could reach Sfr2.4bn if it is priced at the top of its range, making it the largest in Switzerland for two years.

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