(Corrects to read 1.90 billion, paragraph 1)
ZURICH, April 7 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)