Tuesday, March 20, 2012

DKSH Holding IPO shares prices

DKSH Holding IPO shares prices, DKSH Holding march 20 2012 : DKSH Holding Ltd., a Swiss company that helps clients expand in Asian markets, raised 821 million francs ($900 million) in one of Europe’s biggest initial public offerings in eight months.

Shareholders sold 17.1 million shares at 48 francs each, at the top end of an initial range, the Zurich-based expansion services group said in an e-mailed statement. The shares rose as much as 7.4 percent in their trading debut today.

DKSH is among European companies seeking to sell IPOs as the region’s stock markets rebound. The benchmark Stoxx Europe 600 Index gained about 27 percent since its two-year low in September. Ziggo NV (ZIGGO), the Dutch cable company owned by Warburg Pincus LLC and Cinven Ltd., is set to complete an IPO which could raise 804 million euros ($1.06 billion). Ziggo is scheduled to start trading tomorrow.

DKSH offers sourcing, marketing, distribution and after- sales services with a focus on southeast Asia, China and Japan. The company, formed in 2002 through the merger of Diethelm Keller Services Asia Ltd. and SiberHegner Holding Ltd., operates in 35 countries. DKSH has helped companies including Nestle SA (NESN), Levi Strauss & Co., and drugmaker Sanofi grow in Asia.

The stock traded 6.5 percent higher at 51.05 francs at 9:16 a.m. in Zurich.
Bridge to Asia

DKSH says it has been a bridge between Europe and Asia since the 19th century, when three Swiss entrepreneurs sailed to Japan seeking business opportunities. While its model could be expanded to Africa and Latin America, DKSH will keep its focus on Asia, Chief Executive Officer Joerg Wolle has said. About 80 percent of DKSH’s sales come from big companies like Roche Holding AG, while the remainder comes from smaller clients.

Profit from continuing operations rose 26 percent to 152 million francs last year as revenue gained 0.6 percent to 7.3 billion francs. DKSH runs 180 distribution centers, has a fleet of 2,375 trucks and bought Swiss watchmaker Maurice Lacroix last year to tap Asian luxury demand.

UBS AG (UBSN) and Deutsche Bank AG are joint global coordinators of the IPO, while Berenberg Bank Schweiz AG and Credit Suisse Group AG are joint bookrunners. Credit Agricole Corporate and Zuercher Kantonalbank are co-lead managers.

The transaction is the biggest IPO by a Swiss company since Glencore International Plc (GLEN)’s share sale last May. It’s the largest in Europe since Spain’s Bankia SA raised $4.4 billion in July.

The banks can add 1.7 million shares to the sale in a so- called greenshoe option that can be exercised through April 18.

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