IFLR1000

Landis+Gyr SIX Swiss Exchange IPO

21/7/2017
IPO
Select tab

SFr 2.3 billion

$ 2.4 billion

Completed

21/7/2017

Overview:

  • Landis+Gyr has undertaken an IPO on the SIX Swiss Exchange.
  • Approximately 2.4 billion shares were listed offered at SFr78 per share giving the company a market capitalisation of SFr2.3 billion.
  • The issuer is a Swiss smart energy meter supplier.
  • The deal saw the Innovation Network Corporation of Japan and the Toshiba Corporation sell their stakes in the company.
  • UBS and Morgan Stanley acted as joint global coordinators, Credit Suisse and JPMorgan as joint bookrunners.
  • Mizuho International and Bank Vontobel acted as co-bookrunners.

Katrin Kostadinova - Data analyst

Jurisdictions:

Germany
Switzerland

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

Switzerland

Industry sector:

Energy

Firms:
Bär & Karrer

Party: UBS (Joint global coordinator)

Party: Morgan Stanley (Joint global coordinator)

Party: Credit Suisse (Joint bookrunner)

Party: JP Morgan (Joint bookrunner)

Party: Mizuho International (Bookrunner)

Party: Bank Vontobel (Bookrunner)

Morrison & Foerster

Party: Innovation Network Corporation of Japan (Seller)

Party: Toshiba (Seller)

Lawyers: Andrew Boyd, Scott Ashton, Stan Yukevich

Niederer Kraft Frey

Party: Innovation Network Corporation of Japan (Seller)

Party: Toshiba (Seller)

Lawyer: Philippe Weber

Sullivan & Cromwell

Party: UBS (Joint global coordinator)

Party: Morgan Stanley (Joint global coordinator)

Party: Credit Suisse (Joint bookrunner)

Party: JP Morgan (Joint bookrunner)

Party: Mizuho International (Bookrunner)

Party: Bank Vontobel (Bookrunner)

Lawyer: Krystian Czerniecki

Related deals