Stadler Rail covers Sfr1.4bn IPO on day one

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Stadler Rail covers Sfr1.4bn IPO on day one

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CRPX41 Railcar manufacturing with Stadler GmbH, a subsidiary of Stadler Rail Group, Switzerland | Alamy Stock Photo

The IPO of Stadler Rail, the Swiss train manufacturer, is already covered after opening the books on its Sfr1.4bn IPO on the SIX Swiss Exchange on Monday morning, according to a banker involved in the deal.

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