10th Jun 2019 14:43
LONDON (Alliance News) - Watches of Switzerland Group PLC on Monday said Goldman Sachs International has given a notice to exercise the over-allotment option granted by Jewel HoldCo Sarl in connection with the Watches of Switzerland initial public offering.
The luxury watches retailer said the option is in respect of 8.2 million shares at a price of 270 pence each. The exercise of the over-allotment shares take the total size of the initial public offer to GBP242.0 million.
The stock was trading 1.7% higher on Monday afternoon at 308.00p a share.
The Goldsmiths, Mappin & Webb and Mayors brand owner floated on the London Stock Exchange at the end of May at 270 pence each, giving it a market capitalisation of GBP647 million in its IPO.
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