Polyphor stays above water after Sfr165m IPO

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Polyphor stays above water after Sfr165m IPO

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One Swiss Franc coin on fluctuating graph. Rate of the Swiss Franc (shallow DOF) | VALERIYA POTAPOVA/Valerie Potapova - stock.adobe.com

Swiss biopharmaceutical company Polyphor has bucked the trend of recent European IPOs by pricing its IPO at Sfr38, in the top half of the initial Sfr30 to Sfr40 range, and increasing the size of the deal.

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