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Dufry seeks to raise SFr358m in public offerDufry seeks to raise SFr358m in public offer
Gavin Lipsith
22-Nov-2005
The initial public offering for 4.21m new and existing shares in the Swiss retailer starts today
Swiss retailer Dufry Group has launched its initial public offering, through which it stands to gain about SFr358m ($271.2m) to fund its growth. The company said at a press conference today that it plans to sell 4.21m new and existing shares at a price of SFR75-85 ($56.82-64.39) per share.
The offer period will run from today (November 22) to December 5, with the price likely to be set by December 6, the first day of trading. The company aims to float 29% of the company, or 32% if it exercises an option to release an additional 421,000 shares for sale.
See DFNI December 1, out next week, for more information.
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