(Corrects to read 1.90 billion, paragraph 1)
ZURICH, April 7 (Reuters) - Galenica Sante on Friday set its offer price at 39 Swiss francs per share, as the owner of 500 Swiss pharmacies raised 1.90 billion Swiss francs ($1.89 billion) in Switzerland’s biggest initial public offering in two years.
Galenica Sante’s offer was several times oversubscribed during the bookbuilding period, the company said in a statement, adding its free float amounts to 97.5 percent.
Reuters had reported on Wednesday the price had been set at 39 francs, the top end of the indicated range.
$1 = 1.0042 Swiss francs Reporting by John Miller; Editing by Michael Shields