Sunrise, a telecoms company, has successfully returned to the SIX Swiss Exchange after being delisted in 2021 due to its acquisition by Liberty Global. Trading commenced at 44.75 Swiss francs, valuing the company at approximately 3.29 billion francs, making it one of the largest IPOs of the year. CEO André Krause emphasized the company's focus on growth and a progressive dividend policy, with Liberty Global retaining a significant stake in Sunrise.
Lineage Inc. faces a critical earnings report following its $5.1 billion IPO, with expectations of $1.3 billion in revenue and an adjusted loss of $1.73 per share for the September quarter. The cold-storage firm is grappling with weak demand and macroeconomic challenges, leading to a 7% decline in stock value since July.
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