Card Guard Scientific Survival Limited Opens 20% Above Offering price

The shares of Card Guard Scientific Survival Limited, a telemedicine company, were traded today for the first time on the SWX New Market. The offering price was set Sunday evening at CHF 25.00. The opening price in SWX dealings stood 20% above that level at CHF 29.95, representing a total market capitalisation for the company of CHF 266 Mio. According to the offering prospectus, of the 8'886'877 registered shares shown in the Commercial Register, 3'750'000, or 40% of its outstanding shares, were to be offered to the public. Should the underwriters elect to exercise their green-shoe option, that proportion could rise to 46%. Card Guard Scientific Survival Limited avec siège à Rehovot, en Israël, produit Card Guard Scientific Survival Limited, with domicile in Rehovot, Israel, produces telemedicinesystems, that comprise user-friendly, portable monitoring devices, together with hardware and software for receiving centers, to store and evaluate data in cardiology, pulmonology and for prenatal diagnosis.