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Today, the shares of Bravofly Rumbo Group were traded for the first time under the “Main Standard” of SIX Swiss Exchange, opening at CHF 45.00. This corresponds to a total market capitalization of around CHF 680.7 million.
The issued share capital of Bravofly Rumbo Group now comprises 15,125,711 bearer shares with a nominal value of EUR 0.01 per share. Bravofly Rumbo Group issued 2,187,500 new bearer shares in the offering, thereby raising approx. CHF 105.0 million in gross proceeds (before exercise of the overallotment option). In addition to the newly issued shares, 3,145,000 bearer shares were sold by existing shareholders in the base offering. Furthermore, Bravofly Rumbo Group has granted the underwriters an over-allotment option of up to 533,250 additional bearer shares, which can be exercised within 30 days after the first day of trading in shares of Bravofly Rumbo Group.
Bravofly Rumbo Group is a Swiss-based online travel agency, or OTA, with a strong presence in Europe. Its web and mobile platforms enable consumers to easily search for, compare and book flights with both traditional airlines and low cost carriers, as well as hotel accommodation, package holidays, cruises, rental cars and other travel-related products and services. The Group traces its roots to 2004, with the launch of Volagratis, a pioneer search engine for low cost flights in the Italian market. Today it operates websites in 14 languages and localized for 35 countries. Its core markets are Italy, Spain and France. The Bravofly Rumbo Group is strengthening its position in other European markets such as Germany, Eastern Europe and Scandinavia, and expanding to untapped markets in selected Asian
Pacific and Latin American countries. The Group operates under a number of key brands, including Bravofly, Rumbo, Volagratis, Jetcost, Crocierissime, Viaggiare and Viajar. With more than 4.5 million passengers handled per year, Bravofly Rumbo Group complements its online offer with customer service support in 12 languages.
