Comment / Analysis: CEVA tests market nerve for watershed, multi-billion dollar IPO on Swiss exchange

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The much-vaunted initial public offering (IPO) of CEVA Logistics is expected to take place in the second quarter, the company announced on Monday, in a PR that looked to be gauging market appetite.

Finally.

What are the benefits and the risks, though?

Second time lucky?

The much-awaited deal is clearly aimed at rebalancing the capital structure of a freight forwarder and contract logistics firm whose consolidated debt burden has weighed on performance, since the Apollo-led buyout 12 years ago.

To start with, the IPO ...