Swiss gearmaker Klingelnberg prices IPO at 53 Sfr per share
20/06/2018 06:01
ZURICH, June 20 (Reuters) - Swiss gearmaker Klingelnberg
said on Wednesday it had priced its initial share offering (IPO)
at 53 Swiss francs per share, the top of its range, as its
family owners sell about half their stake and the firm raises
about 20 million euros ($23.15 million) for expansion by selling
new stock.
A bookrunner for the IPO previously said books were covered,
including the greenshoe, amid strong interest among investors in
stock of the 155-year-old Zurich-headquartered company with
roots in Remscheid, Germany. urn:newsml:reuters.com:*:nFWN1TE08C
($1 = 0.8638 euros)
(Reporting by)
((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;))