After start of the bookbuilding for the IPO of VAT Group AG on SIX Swiss Exchange on March 31, 2016, the final offer price was fixed on April 13, 2016 at CHF 45 per share, resulting in a total offer size of CHF 540 million (respectively CHF 621 million assuming full exercise of the over-allotment option) and an implied market capitalization of CHF 1,350 million. This makes the IPO of VAT the largest IPO in Europe year to date.

The shares of VAT started trading on SIX Swiss Exchange on April 14, 2016 at an opening price of CHF 52.

NKF acts as Swiss counsel to VAT Group in the IPO. The NKF team consists of Philippe Weber (Partner, Capital Markets), Ulysses von Salis (Partner, Corporate), Christina Del Vecchio (Senior Associate), René Fischer (Associate) and Alessandro Stanchieri (Junior Associate).