Sunrise has successfully listed its A shares on the SIX Swiss Exchange, marking its return after a two-year hiatus.

Opening Price and Market Capitalization

The opening price for Sunrise shares was 44.75 Swiss francs, giving the company a market capitalization of approximately 3.29 billion francs.

Significance of the IPO

This IPO is one of the largest of the year for the exchange, second only to Lineage and Midea Group. Sunrise's return is significant as it follows its delisting in 2021 after being acquired by Liberty Global.

Position in the Swiss Telecom Market

The company is now the second-largest player in the Swiss telecom market and is focused on growth and delivering returns on capital. The telecom sector in Switzerland is competitive, and Sunrise's established position as a market leader will contribute to its future growth.

Transition and Share Structure

The transition back to the SIX Swiss Exchange was done through a spin-off mechanism, with ADS distributed to Liberty Global shareholders. Sunrise has a dual-class share structure, with Class B shares carrying ten times the voting power.

Market Performance and Expansion Opportunities

The company's market performance has been positive, with shares reaching a high of 46.97 francs. Sunrise aims to reward shareholders while pursuing expansion opportunities.