The shares of EFG Financial Products Holding AG were today traded for the first time under the Main Standard of SIX Swiss Exchange, opening at CHF 46.00. This corresponds to a stock market capitalization of CHF 307 millions.
The issued share capital of EFG Financial Products now comprises 6,666,665 registered shares with a nominal value of CHF 2.00 per share. EFG Financial Products issued 1,666,665 new registered shares in the offering, thereby expecting to raise circa CHF 75 million in gross proceeds upon completion of the IPO. In addition to the newly issued shares, 1,270,472 registered shares were sold by EFG International in the base offering. Furthermore, EFG International has granted the underwriters an over-allotment option of up to 293,713 additional registered shares, which can be exercised within 30 days after the first day of trading in shares of EFG Financial Products.
EFG Financial Products is an integrated provider of structured investment products, with a leading position in Switzerland and an international presence in Europe and Asia. EFG Financial Products has a modern and integrated platform for structured investment services, which is based on flexibility, innovation, customer service and transparency.
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