Zur Rose covers $259m Swiss IPO

By John Loh
22 Jun 2017

Zur Rose Group had a flying start with the launch of its Sfr252m ($259m) IPO on the SIX Swiss Exchange on Thursday, as books were covered within four hours to the full deal size, including the greenshoe.

The base deal consists of 1.8m shares, of which 1.7m shares are primary and 136,052 shares will be acquired by the issuer from members of the board and management.

Joint global coordinators and joint bookrunners Berenberg and UBS are pitching the trade at Sfr120-Sfr140 a share. Zürcher Kantonalbank ...

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