Galderma surges in debut, bolstering Europe IPO recovery

Skin-care company Galderma surged in its trading debut following one of Switzerland’s biggest IPOs of the past two decades, delivering a much needed win for Europe’s equity capital markets.

By Swetha Gopinath and Allegra Catelli, Bloomberg

The EQT AB-backed company climbed as much as 18% to 62.68 francs in Zurich on Friday. It priced its CHF 2.3bn (USD 2.6bn) initial public offering (IPO) at 53 francs share, the top end of a marketed range.

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Galderma goes public in Switzerland
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