Bär & Karrer Advised the Banking Syndicate in the IPO of Landis+Gyr
The Innovation Network Corporation of Japan and the Toshiba Corporation have sold their shares in Landis+Gyr Group Ltd by way of an initial public offering (IPO) on the SIX Swiss Exchange. The shares of Landis+Gyr (ticker symbol: LAND) were priced at CHF 78.00 corresponding to a market capitalization of approx. CHF 2.3 billion, making it the largest IPO on the SIX Swiss Exchange since 2006 and the second largest IPO in Europe in 2017 to date. The shares were traded for the first time on 21 July 2017.