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Galenica raises CHF1.90B in Santé unit's IPO

Galenica Ltd. raised CHF1.90 billion in Galenica Santé's first day of trading on the SIX Swiss Exchange on April 7.

With an offering price of CHF39 apiece, Galenica Santé's shares debuted at CHF43 per share in the exchange, corresponding to a total market capitalization of CHF2.15 billion.

The IPO consists of 42,391,300 ordinary shares and an overallotment option of up to 6,358,700 ordinary shares granted to the banking consortium.

Galenica will receive the entire net proceeds from the sale of the offered shares.