EQT’s Skincare Firm Galderma Likely to Price IPO at Top of Range

Skincare company Galderma Group AG is expected to price its 2.3 billion Swiss-franc ($2.6 billion) initial public offering at the top of the range, in what is set to be Zurich’s largest listing in years.

Investor orders below 53 francs apiece risk missing out on the transaction, according to terms seen by Bloomberg. The EQT AB-backed company’s shares were being marketed at 49 to 53 francs apiece through March 20.

The new stock is set to be admitted to trading on Friday. This is likely to be Switzerland’s largest listing since Swisscom AG raised over $5 billion in an ...