Montana Aerospace shares soar on Swiss stock market debut
3 Min Read ZURICH (Reuters) -Shares in aircraft components maker Montana Aerospace soared nearly 18% on its debut on the Swiss bourse on Wednesday, giving it a higher-than-expected market capitalisation of about 1.4 billion Swiss francs ($1.5 billion). The Austrian-Swiss company, whose customers include Boeing and Airbus, saw its shares rise to 30.60 Swiss francs ($33.16) in early trading, well above a list price of 25.65 Swiss francs. The increase added roughly 200 million francs to the company’s estimated pre-float value of 1.2 billion francs. The initial public offering raised approximat...
Source: reuters.com
