Books for Polyphor Swiss IPO already covered - sources

Spexis AG

03/05/2018 11:22

ZURICH, May 3 (Reuters) - Books for Swiss drugmaker
Polyphor's  POLN.S  initial public offering are already covered
less than half way through the subscription period, two people
familiar with the transaction said. 
    The company aims to raise 100-150 million Swiss francs 
($100-150 million) in an all-primary offering.  urn:newsml:reuters.com:*:nL8N1S40UC
    It was too early to say where the issue price would be set,
one of the sources said. The indicated price range is 30-40
francs per share.
    Subscriptions close on May 14, with trade on the SIX Swiss
Exchange set to start a day later.
   ($1 = 0.9971 Swiss francs)

 (Reporting by Oliver Hirt, Editing by Michael Shields)
 ((Michael.Shields@thomsonreuters.com; +41 58 306 7461; Reuters
Messaging: michael.shields.thomsonreuters.com@reuters.net))