SWX: Precious Woods Holding AG Opens At CHF 61

The shares of Precious Woods Holding AG were traded on 18 March for the first time on the main trading segment of the SWX Swiss Exchange. The offering price was set at CHF 60. At the start of trading on SWX, the stock stood at CHF 61, representing a total market capitalization for the company of CHF 98.8 million. According to the offering prospectus, all of the 1,620,000 shares registered in the Commercial Register were offered to the public. 108,000 of the publicly offered shares were part of a capital increase associated with the IPO. Through its three subsidiaries, Precious Woods (Costa Rica), Precious Woods Amazone and Precious Woods Parà (both domiciled in Brazil), the company runs a sustainable forestry business. Precious Woods not only manages forests but also processes the timber, transforming it into cut lumber, poles and smaller pieces.