Cosmo announces IPO details

The Italian pharmaceutical firm Cosmo Pharmaceuticals announced some key data regarding its forthcoming IPO at the Swiss exchange SWX. Cosmo announced on Monday that up to 3419 million shares will be issued within a price range of 22 to 28 Swiss francs ($18 - $23) per share Additionally, 512,870 shares are reserved under the full exercise of the greenshoe option. If the greenshoe is not exercised, the market capitalisation will be between 322 to 409 million Swiss francs ($262 to $332 million). The book building should be concluded on 7 March. The first trading day of Cosmo shares is scheduled on 12 March.

Source: Neue Z├╝rcher Zeitung

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