Connect with us


IPO of SIG Combibloc – 10th Listing on the Swiss Stock Exchange in 2018

IPO of SIG Combibloc – 10th Listing on the Swiss Stock Exchange in 2018

Today, the shares of SIG Combibloc Group AG (“SIGN”) were traded for the first time on SIX. The opening price was CHF 11.85 which corresponds to a market capitalization of CHF 3.8 billion. 

With the biggest IPO in Switzerland and among the top three in Europe so far this year, SIX records a double-digit number of listings for the first time in over ten years.

Jos Dijsselhof, CEO SIX, commented: “After an absence of some 11 years, we are very happy to welcome SIG Combibloc back to the Swiss stock exchange. After CEVA Logistics, the IPO of SIG Combibloc marks the second IPO with a placement volume that exceeds one billion Swiss francs this year which proves the depth of the Swiss capital market.”

Rolf Stangl, CEO of SIG Combibloc, added: “We are delighted to be re-listing on SIX. The IPO is a natural next step in our growth strategy as we continue to bring innovative products to the market and to expand in existing markets and new geographies.”

The issued share capital of SIG Combibloc Group AG comprises 320,053,240 registered shares. A total of 132,000,000 registered shares were placed in the offering, of which 105,000,000 newly issued registered shares thereby raising CHF 1.181 billion in gross proceeds with the main purpose to delever the company’s balance sheet. In addition, 27,000,000 existing shares were offered by funds managed or advised by affiliates of Onex Corporation and certain members of management (the “Selling Shareholders”). At an issue price of CHF 11.25, the total placement volume (excluding over-allotment option) corresponds to CHF 1.485 billion. Furthermore, the Selling Shareholders granted the Joint Global Coordinators an over-allotment option of up to 19,800,000 existing shares, exercisable in whole or in part within 30 calendar days after the first trading day.

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate


Newsletters with Secrets & Analysis. Subscribe Now