Polyphor prices IPO at 38 Sfr per share

Spexis AG

15/05/2018 06:05

ZURICH, May 15 (Reuters) - Polyphor  POLN.S  has priced
shares in its initial public offering (IPO) at 38 Swiss francs
($37.95) each, the biotech company said on Tuesday, confirming
an earlier report by Reuters.  urn:newsml:reuters.com:*:nL5N1SL6KC
    The price is towards the upper end of the offer price range,
meaning the total placement volume will come to 165 million
Swiss francs.
    The offer price implies a total market capitalisation of 420
million Swiss francs and free float is expected to amount to
about 37 per cent, assuming the full exercise of the
over-allotment option, the company said.
    Polyphor's shares are due to start trading on the SIX Swiss
Exchange on Tuesday. The listing will be the fifth new entrant
on the Swiss bourse this year.
 ($1 = 1.0013 Swiss francs)

 (Reporting by John Revill; Editing by Gopakumar Warrier)
 ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;))