DSM-Firmenich starts trading on the Swiss stock exchange
The flavours and fragrances maker debuted on the Swiss exchange on Thursday with an opening price of 62.80 francs per share. This dual listing complements its existing Amsterdam trade and places the company on the Swiss Performance Index.
DSM-Firmenich AG debuted on the Swiss exchange with a market capitalization of 15.9 billion Swiss francs ($20.20 billion). The listing follows the flavours and fragrances maker's initial trading launch in the Netherlands in April 2023. The company competes with Givaudan and Symrise.
Shares opened at 62.80 francs per share on debut. The listing did not involve the issuance of new shares. DSM-Firmenich will join the mid-cap Swiss Performance Index on May 22. The company maintains its primary listing on the Euronext Amsterdam exchange.
