2023-10-04 18:51:36
Published on October 4, 2023 at 8:51 p.m. Modified on October 4, 2023 at 10:24 p.m.
The arrival on the stock market of Sandoz this Wednesday following its split with Novartis comes at a time when the Swiss market has not strictly speaking recorded an IPO (Initial Public Offering) this year. After a good period globally in 2020 and 2021, last year saw the bursting of the bubble, and the situation has hardly improved in 2023.
“For a big year, the market has been very calm, which can be explained by the record recorded in 2021, a more uncertain macroeconomic context, an increase in inflation and a tightening of monetary conditions by central banks,” explains Clément Maclou, thematic portfolio manager at Oddo BHF Switzerland.
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