Galenica brings largest Swiss IPO since 2015

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By Aidan Gregory, Jon Hay
28 Mar 2017

The IPO of Galenica Santé, the retail pharmacies unit of the Swiss pharmaceutical group Galenica, was covered throughout its price range by Tuesday morning, less than two working days into the bookbuild.

“The IPO market is strong at the moment,” a banker on the deal said on Tuesday morning. “Galenica was covered in an hour and is now covered on the full deal size throughout the range.”

Galenica announced the terms of the deal on Friday evening and opened ...

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