Today SIX Swiss Exchange welcomes VAT Group AG (VACN), a leading manufacturer of vacuum valves. Marco Estermann, Head Issuer Relations at SIX Swiss Exchange, commented on the latest IPO: "Once again, a global market leader has chosen to list its shares on the Swiss exchange, which is something we are very pleased about. VAT rounds out our portfolio of innovative and globally leading companies from various sectors, which benefit from high visibility and an attractive peer group at our trading venue."
High level of interest
The second IPO on SIX Swiss Exchange in 2016 has raised great interest. 12'000'000 shares have been placed and Partners Group and Capvis have granted the syndicate banks an over-allotment option of 1'800'000 shares. The opening price on SIX Swiss Exchange was CHF 52.00. At this price, the placement volume corresponds to an amount of CHF 624 million and a total market capitalization of CHF 1.56 billion. With this, VAT Group AG is the largest IPO in Europe year to date. Shares in VAT Group AG will be listed in the "International Reporting Standard" and included in the SPI®.
Further milestone for VAT
VAT is a global market leader for high-end vacuum valves and related services in the semiconductor, display, solar and industrial and research sectors. In 2015, VAT had a 41% market share in the vacuum valves market (according to VLSIresearch). Heinz Kundert, CEO of VAT, comments: "The listing on SIX Swiss Exchange will broaden our shareholder base, create an attractive free float and will enhance the public profile of VAT as a global player. This will help us to further attract the best talents available. We look forward to opening the next chapter in the history of VAT."
Numerous benefits for equity issuers
A listing on SIX Swiss Exchange provides companies with access to strongly capitalized Swiss and international investors. In addition, we make things as simple as possible for them with first-class, needs-oriented services, allowing them to efficiently generate capital and sustainable growth. Our appeal extends far beyond the borders of Switzerland.
A comprehensive overview and helpful information on all topics relevant to going public on SIX Swiss Exchange can be found in the corresponding Going Public Guide. Further information on our range of services for issuers can be found on our website.