Official share trading in watches and jewellery retailer Watches of Switzerland (LON: WOSG) commenced today and the share price ended the day at 300p – an 11% premium to the placing price of 270p.
There were four days of conditional dealings prior to trading commencing on the premium list. The highest point reached in those dealings was 315p. On Monday, the share price closed at 309p.
The price had been set at the lower end of the £600m-£800m indicative valuation range. The current share price values the retailer at nearly £720m.
Existing shareholders raised £63m in the placing while ...
