Goldbach Media gets off to a good start on the stock market
The initial public offering of advertising agency Goldbach Media on Friday got off to a strong start. The shares rose sharply above the offering price.
Advertising marketer Goldbach Media's first day on the stock exchange on Friday went well. The shares opened on the SWX Swiss Exchange at 51.05 francs, a good fifth above the issue price of 42 francs. The shares even went out of trading at a price of 57 francs. Both the bank and the company are very satisfied with the IPO, according to SDA, the lead bank Vontobel. Just under 40 percent of Goldbach shares have now been placed with the public.
