Investis IPO nears completion as pricing narrows

Investis property 230x150
By Aidan Gregory, Jon Hay
29 Jun 2016

The IPO of Investis Group, the Swiss residential property company, is nearly complete after the pricing was revised on Tuesday to Sfr50-Sfr55, the lower end of the initial Sfr49-Sfr68 range.

A message was sent out yesterday saying that orders below Sfr53 would miss out on allocations, a banker on the deal said. Final pricing is expected by the end of Wednesday and the shares begin trading on the SIX Swiss Exchange tomorrow, Thursday June 30.

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