SoftwareONE IPO prices values Swiss company at $2.8 billion

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ZURICH (Reuters) – Swiss software management company SoftwareONE <SWON.S> set the price of its initial public offering on Friday at 18 Swiss francs per share, valuing the company at around 2.8 billion Swiss francs ($2.82 billion).

The IPO consists of secondary shares, with the firm’s founders retaining the largest stake and financial investor KKR <KKR.N>, which bought a 25% stake in 2015, keeping around 15%.

($1 = 0.9927 Swiss francs)

(Reporting by Michael Shields, Editing by John Revill)

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