VAT Vakuumventile launches first Swiss IPO for a year
![VAT 230x150](https://assets.euromoneydigital.com/dims4/default/6b8da44/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F1e%2F4c%2Fffeadadec95071d40f2bc4472ce3%2Fvat-230x150.jpg)
VAT Vakuumventile launched on Thursday morning the bookbuild for its Zurich listing. The deal, Switzerland’s first IPO of the year, could give the vacuum valve maker a valuation of up to Sfr1.38bn ($1.4bn).
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