NEW YORK-The share price for Swisscom’s partial privatization initial public offering was expected to be set during the week of Oct. 4.
The Swiss government hopes to raise as much as $6.6 billion by selling off a 34.5 percent stake in the state-owned wireless and wireline carrier.
The federal government will sell 14.5 million of its shares in the global stock offering, and Swisscom will sell 7.55 million new shares in order to raise more capital.
About 45 percent of the deal is intended for sale within the country and 20 percent each for investors in the United Kingdom and the United States.
