Orior reopens Swiss IPOs with first for 2 years
Orior gained as much as 7% when its Sfr164.4m IPO — Switzerland’s first substantial float in two years — started trading yesterday (Thursday). At Sfr48, the convenience food company priced closer to the top end of the Sfr42-Sfr52 range Wednesday night. But the shares changed hands for up to Sfr51.40 the next day before closing at Sfr50.25. Credit Suisse was global coordinator, with Bank Vontobel and Zuercher Kantonalbank were co-leads.
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