SFS hopes to fix investors' attentions with IPO

By Andrew Griffin
03 Apr 2014

Swiss fasteners and fittings firm SFS launched a $600m IPO on Thursday. Bankers said investors should look beyond the company's unexciting business sector and instead revel in the firm's network of global relationships.

The deal will raise around Sfr300m ($340m) of primary proceeds. The selling shareholders will also sell shares to take the free float to around 45%, which is likely to put the total deal size around $600m.

"It's hard to get excited about fasteners and fittings," said one banker ...

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