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The planned IPO of GrazianoFairfield on the SIX Swiss Exchange (SIX) has been postponed due to the current uncertainty in the financial markets, Oerlikon announced Monday morning. The significant increase in volatility and the resulting sentiment on the capital markets since the start of the book building phase do not provide an optimal environment for a successful introduction of the Drive Systems segment, continues the company. ad.
The IPO was held on Wednesday. July provided. "We will reintroduce the Drive Systems segment list into an improved market environment at a later date," says Roland Fischer, CEO of Oerlikon in the statement.
The fixed price range for the IPO would be 48 to 62 francs per share. Consequently, the market capitalization would have been between 480 and 620 million francs (see article in cash).
GrazianoFairfield has been restructured in recent years with an adjustment of the size of the organization, process optimization and focus on key customers.
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