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OC Oerlikon Corporation AG Pfaeffikon (OERL.S)

OERL.S on Swiss Exchange

11.21CHF
11 Dec 2018
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Mon, Jul 9 2018

OC Oerlikon pulls IPO for low-profit drives unit

ZURICH Industrial group OC Oerlikon shelved a listing for its drives unit on Monday citing market volatility, adding to signs that the Swiss IPO market, which got off to a strong start this year, is cooling.

UPDATE 2-OC Oerlikon pulls IPO for low-profit drives unit

* OC Oerlikon blames market volatility (Adds context, analyst comment)

OC Oerlikon gear unit could be worth 620 mln Sfr after IPO

ZURICH, June 28 Swiss industrial group OC Oerlikon on Wednesday set a price range of 48 to 62 Swiss francs per share for its gearbox unit in a public offering (IPO) that would create a company worth up to 620 million francs ($621.7 million).

UPDATE 1-Oerlikon planning drive systems IPO to fund expansion

* Drive systems unit profitability lags that of surface solutions (Adds quote from CEO, analyst, details about trade row, oligarch)

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