Galderma Shareholders Raise $1.5 Billion in Stake Sale
- The offering marks latest in a series of selldowns since IPO
- Galderma shares have soared since its debut about a year ago
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Shareholders of Galderma Group AG raised about 1.34 billion Swiss francs ($1.5 billion) from the sale of a roughly 6.3% stake in the Swiss skincare group.
Buyout group EQT AB, Abu Dhabi Investment Authority and Auba Investment Pte priced the sale of around 15 million shares at 89 Swiss francs each, according to terms seen by Bloomberg News. The price represented a 7.8% discount to the shares’ Monday close, Bloomberg calculations show.