The IPO of CEVA Logistics AG
(listing video) is the fourth listing and also the largest
on the Swiss stock exchange in 2018 to date. CEVA Logistics, with its head office in Baar, was founded around
10 years ago with the merger of the contract logistics company TNT Logistics and the freight management company Eagle Global Logistics.
Werner Bürki, Head Trading, SIX, Securities and Exchanges: "We would like to welcome CEVA Logistics to
SIX Swiss Exchange, and we're delighted to have the company as one of our clients. This IPO highlights
once again the appeal and placement resources of the Swiss Exchange for large transaction volumes, as well
as for companies that operate globally."
Peter Waller, CFO and Xavier Urbain, CEO, CEVA Logistics
Growth with increased financial flexibility
The opening price was CHF 27.45 per share. This corresponds to a market capitalization of CHF 1.14 billion
(before the over-allotment option and excluding the CMA CGM Group mandatory convertible securities).
The issued share capital of CEVA comprises 41,361,537 registered shares with a nominal value of CHF 0.10 per share.
Shares of CEVA Logistics will be listed in the
"International Reporting Standard"
and admitted to the SPI® .
Xavier Urbain, CEO of CEVA said: "Today we open a new chapter for CEVA Logistics as a company listed on SIX Swiss Exchange.
Through the IPO, with a broader shareholder base and deleveraged balance sheet, CEVA can accelerate growth with increased financial
flexibility. We welcome CMA-CGM and all new shareholders and together with our 56'000 staff are looking forward to better serving
our customers and offering returns to our investors."
Numerous benefits for equity issuers
A listing on SIX Swiss Exchange provides companies with access to strongly capitalized Swiss and international investors.
In addition, we make things as simple as possible for them with first-class, needs-oriented services, allowing issuers to
efficiently raise capital and achieve sustainable growth. Our appeal extends far beyond the borders of Switzerland.
An overview and helpful information on all topics relevant to going public on SIX Swiss Exchange can be found in the comprehensive
Going Public Guide or in the compact
IPO Guide Schweiz (available only in German).
Further information on our range of services for issuers can be found on our website.
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