Switzerland-based online travel group Bravofly Rumbo has confirmed the price range for its initial public offering in Zurich with trading slated for 16 April.
A statement from the company sets the shares at between $45 and $59 each (40 to 52 CHF) with the potential to raise up to $340 million.
This means a market capitalisation of between $675 million and $938 million, unless an over-allotment option (depending on demand) is exercised.
