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Bravofly Rumbo Group prices IPO and lists on SIX Swiss Exchange Dienstag, 15. April 2014 - 06:13
Bravofly Rumbo Group prices IPO and lists on SIX Swiss Exchange
Bravofly Rumbo Group, a leading European online travel agency, and certain selling shareholders have placed 5,332,500 shares at the offer price of CHF 48.00 per share in Bravofly Rumbo Group's Initial Public Offering. The IPO was multiple times over-subscribed at the offer price due to strong demand from international and Swiss investors. As a result, Bravofly Rumbo Group has set the offer price in the top half of the announced price range of CHF 40.00 to CHF 52.00 per share, implying a total market capitalisation of CHF 698 million (prior to exercise of the over-allotment option). The shares (ticker symbol: BRG) are expected to commence trading tomorrow on SIX Swiss Exchange.