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China Firms From Pharma to Tools Join Swiss GDR Frenzy, Sources Say

  • Battery materials maker also weighs listing via stock connect
  • Four companies raised total of $1.5 billion in first wave

Chinese companies are doling out mandates to investment banks for share sales in Switzerland, encouraged by the relative success of firms capitalizing on an expanded link between stock exchanges in Asia and Europe.

At least four firms with listings in China are working with advisers to issue global depositary receipts on the SIX Swiss Exchange as soon as this year, according to people familiar with the matter, who asked not to be identified as the information is private: