IPO of Stadler

Stadler Rail AG, a leading global pure-play producer of rolling stock and related systems, successfully priced its IPO and listed its shares on the SIX Swiss Exchange. The offering consisted of 35,000,000 shares with an over-allotment option of 5,250,000 shares, all of which were offered (directly and indirectly) by Peter Spuhler.

The price for the offered shares was set at CHF 38.00. Trading in the shares started on 12 April 2019. On 16 April 2019, the Joint Global Coordinators (Credit Suisse and UBS), acting on behalf of the syndicate banks, have exercised the full over-allotment option at CHF 38.00 per share. Including the shares placed in connection with the over-allotment option, a total of 40,250,000 existing shares have been sold in the IPO of Stadler, corresponding to 40.25 per cent of the share capital. The total placement volume therefore amounts to CHF 1,530 million.