Telecoms company Sunrise returns to Swiss stock market with $3.6 billion valuation
ZURICH, Nov 15 (Reuters) -Telecoms company Sunrise SUNN.S returned to the Swiss stock exchange on Friday after completing its spin-off from Liberty Global LBTYA.O with an opening price of 44.75 Swiss francs ($50.39) per share.
The price gives Sunrise, which competes with government controlled Swisscom SCMN.S and privately-held broadband, TV and mobile provider Salt, a market capitalisation of nearly 3.2 billion Swiss francs ($3.6 billion).
($1 = 0.8878 Swiss francs)
($1 = 0.8881 Swiss francs)
Reporting by John Revill and Linda Pasquini, Editing by Friederike Heine
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