Sunrise IPO planned for mid-November
Published: Wednesday, Oct 16th 2024, 07:40
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The IPO of Sunrise is becoming more concrete. The parent company Liberty Global has now issued a timetable for the spin-off of the telecoms provider.
The Extraordinary General Meeting, which still has to approve the spin-off, will take place on October 25. The first regular trading day of the American depositary receipts (ADS) on the US technology exchange Nasdaq will then be November 13, according to a press release issued on Wednesday.
The launch on the SIX Swiss Exchange is scheduled for November 15. Liberty Global expects the shares to be included in the broad SPI index five days after their stock market debut.
Liberty Global announced the spin-off and the planned return of Sunrise to the Swiss stock exchange in mid-February.
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