Burkhalter IPO Switzerland

A new IPO is expected in the Swiss stock markets. The IPO or initial public offering belongs to the electronic devices and equipment makers, Burkhalter.

What is the business of Burkhalter Holdings AG?
The Burkhalter Holdings is in the business of making electronic equipments.

How many shares will be sold through the Burkhalter IPO?
A total of 651,665 shares will be sold through the Burkhalter IPO.

What is the price range of the Burkhalter IPO shares?
The price for Burkhalter IPO shares is set between 120 to 136 Swiss francs each.

What are the opening dates of the Burkhalter IPO?
The applications for Burkhalter IPO are open from Monday to June 18, 2008. The trading in shares will commence on June 20th, 2008.

What is the size of the Burkhalter IPO?
A total of 88.6 million Swiss francs ($85.4 million) is expected to be raised through the Burkhalter IPO.

Where will the IPO proceeds be used by the Burkhalter IPO?
The capital raised from the Burkhalter IPO will be used to pay back debt and finance future acquisitions.

What are the business valuations, financial results and market outlook of Burkhalter IPO?
The majority of the offer, 573,942 shares, derive from a capital increase. Burkhalter, which develops electronic solutions for buildings and makes switchgear and control systems, has a market capitalisation of 137.7 to 156.1 million francs based on the bookbuilding range, it said.

Burkhalter posted net sales of 410 million francs in 2007 and employs 2,756 staff in Switzerland. Zuercher Kantonalbank is the lead manager for the IPO with Bellevue AG, Bank Sarasin and Neue Zuercher Bank (NZB) acting as co-managers.

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