Telecoms company Sunrise returns to Swiss stock market with $3.6 billion valuation
15/11/2024 08:01
ZURICH, Nov 15 (Reuters) - Telecoms company Sunrise
SUNN.S returned to the Swiss stock exchange on Friday after
completing its spin-off from Liberty Global LBTYA.O with an
opening price of 44.75 Swiss francs ($50.39) per share.
The price gives Sunrise, which competes with government
controlled Swisscom SCMN.S and privately-held broadband, TV
and mobile provider Salt, a market capitalisation of nearly 3.2
billion Swiss francs ($3.6 billion).
($1 = 0.8878 Swiss francs)
($1 = 0.8881 Swiss francs)
(Reporting by John Revill and Linda Pasquini, Editing by
Friederike Heine)
((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))