Shares in Swiss convenience food firm Orior were today (23 April) continuing to trade above the offer price in their second day of trading on the Swiss stock exchange.
Orior made its debut on the Swiss stock market yesterday at a price of CHF48 a share after a capital increase in the business and after previous majority investor Capvis listed some of its stake.
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The free-float portion will come to around 58% of the business – or about 66% if an over-alloment option is fully activated. All this would value Orior at around CHF284m.
At 11:34 CET this morning, shares in Orior were trading at CHF50.
In 2009, Orior, which makes products from deli meats to pasta, achieved turnover of CHF501m (US$465.1m) and EBITDA of CHF52m.
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