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CORRECTED-Galenica Sante raises nearly $2 bln in IPO, price set at 39 Sfr
April 7, 2017 / 5:15 AM / 7 months ago

CORRECTED-Galenica Sante raises nearly $2 bln in IPO, price set at 39 Sfr

(Corrects to read 1.90 billion, paragraph 1)

ZURICH, April 7 (Reuters) - Galenica Sante on Friday set its offer price at 39 Swiss francs per share, as the owner of 500 Swiss pharmacies raised 1.90 billion Swiss francs ($1.89 billion) in Switzerland’s biggest initial public offering in two years.

Galenica Sante’s offer was several times oversubscribed during the bookbuilding period, the company said in a statement, adding its free float amounts to 97.5 percent.

Reuters had reported on Wednesday the price had been set at 39 francs, the top end of the indicated range.

$1 = 1.0042 Swiss francs Reporting by John Miller; Editing by Michael Shields

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