StockMarketWire.com - Luxury timepiece retailer Watches of Switzerland said it has priced shares for its first day of trading on the London Stock Exchange at 270p per share, towards the upper end of the previously announced range.

The offer comprises 57,407,407 new shares issued by the company to raise gross proceeds of approximately £155m and 24,074,074 existing shares being sold by the selling shareholders. This equated to a total offer size of £220m and represented approximately 34% of the company's issued share capital.

Based on this offer price, the company's total opening value would be around £647m.




At 8:00am: [LON:WOSG] share price was +297.5p at 297.5p



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