Comment / Analysis: all eyes will be on the ticker as CEVA shares hit the market on Friday

swiss ipo© Filmfoto |

© Filmfoto

By Alessandro Pasetti

02/05/2018

Information remains sketchy as far as the CEVA Logistics IPO is concerned, but it is confirmed that the books closed today at 2pm, with the CEVA ticker starting to trade on Friday on the SIX Swiss Exchange, as originally planned at launch.

The deal is reportedly expected to price at the low end of the initial guidance, which was tweaked down to Sfr35-27.5 from Sfr52.5-27.5 after receiving a good response from the market.

This was “thanks to a steep discount that was always ...

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Ceva Logistics Financial footings IPO The CEVA story XPO Bloomberg Honeywell

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