SWX Swiss Exchange: Panalpina Welttransport Holding AG (PWTN) Opens At CHF 95

Today, the shares of Panalpina Welttransport Holding AG, a Swiss freight forwarding and logistics company, were traded in the main segment of the SWX Swiss Exchange for the first time. The offering price was set yesterday, Wednesday, at CHF 80 and the opening price on SWX was CHF 95. This corresponds to a market capitalisation of CHF 2.375 billion. Panalpina shares are included in the SPI® and SPI EXTRA®.

According to the listing prospectus, of the 25,000,000 bearer shares entered in the Commercial Register, 12,750,000 or 51 % of the company’s outstanding stock were publicly placed. If the greenshoe option for a further 1,275,000 shares were to be exercised, the free float would increase to 56.1 %.

Panalpina Welttransport Holding AG is a globally active provider of freight fowarding and logistics services. The company focuses on intercontinental air and sea freight transportation, as well as the related supply chain management solutions.

Panalpina Welttransport Holding AG currently employs 13,224 people. In 2004, the company’s total sales stood at CHF 6.1203 billion and it earned a net profit of CHF 111.4 million.