Watches of Switzerland IPO off to a good start

Watches_of_Switzerland_alamy_230x150
By Aidan Gregory
21 May 2019

Watches of Switzerland, the UK's largest retailer of luxury watches, set the terms for its flotation on the London Stock Exchange after what were productive price discussions with investors, according to a source close to the deal.

The price range has been set at 250p to 277p, valuing the company at between £610m and £660m. The IPO includes a capital increase of at least £200m, which will be used to repay debt, plus a 10% greenshoe.

Barclays and Goldman Sachs are global coordinators, BNP Paribas and ...

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