NKF advises the underwriters on the IPO of Sensirion Holding AG on SIX Swiss Exchange
On 12 March 2018, Sensirion Holding AG (“Sensirion”) announced the launch of its initial public offering (“IPO”) on SIX Swiss Exchange. The IPO consists of an offering of up to 9,331,428 shares, including newly issued shares to cover an over-allotment option. The market capitalisation of the company after the IPO is expected to be CHF 404m to CHF 503m (CHF 438m to CHF 545m assuming full exercise of the over-allotment option). The first trading day is anticipated to be 22 March 2018.
Sensirion is a Swiss-based pure-play sensor specialist that combines a position at the forefront of sensor innovation with a strong track record of manufacturing sophisticated and cost-efficient environmental and flow sensors for the automotive, medical, industrial and consumer end markets.
The underwriters of the IPO were Credit Suisse AG and J.P. Morgan Securities plc (Joint Global Coordinators and Joint Bookrunners) and Bank Vontobel AG (Co-Bookrunner).
NKF acted as Swiss counsel to the underwriters. Sullivan & Cromwell LLP acted as U.S. counsel to the underwriters.
The NKF team was Philippe Weber, partner, Thomas M. Brönnimann, partner, Christina Del Vecchio, counsel, Deirdre Ní Annracháin, associate and Pascal Hodel junior associate.