Landis IPO five times oversubscribed, Jost Werke trades up

Aidan Gregory

July 20, 2017 05:00 pm

Swiss flag 230x150 — 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

The Sfr2.3bn IPO of Landis & Gyr, the Swiss maker of energy meters, has been priced above the middle of its initial range at Sfr78, valuing the business at 10 times its 2018 forecast Ebitda.

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Topics

Deutsche Bank JP Morgan Credit Suisse Equity IPOs UBS Equity EMEA Switzerland Morgan Stanley Germany BNP Paribas Commerzbank Europe

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Aidan Gregory