Analysis: CEVA Logistics IPO priced for a big ‘pop’ on day one?

Author: Alex Lennane

Speculation is raging in financial markets after the full details of the initial public offering (IPO) of US-based CEVA Logistics emerged on Friday, when the deal was launched.
At the high end of the guidance (Sfr52.5 a share), the IPO tentatively values the equity capital of CEVA at Sfr1.8bn ($1.85bn) and its enterprise at Sfr2.6bn ($2.7bn), while the low-end value of Sfr27.5 a share implies market cap and enterprise value (EV), …

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