Rail

March 25, 2019
 

Stadler Rail plans to launch IPO

Stadler Rail, a Swiss manufacturer of rolling stock, plans to launch an initial public offering (IPO) and to list the shares on Six Swiss Exchange.

Peter Spuhler directly and indirectly holds 80% of the company’s share capital, with the balance held by RAG Stiftung (10%) and key employees (10%).

The IPO, which is expected to take place in the coming months, would consist entirely of secondary shares held directly and indirectly by Spuhler.

Post-IPO, he plans to remain as the company’s largest shareholder and will continue in the post of executive chairman.

In 2018, Stadler generated consolidated net revenues of CHF2 billion ($2 billion) with an EBIT margin of 7.5%, and an order backlog CHF13.2 billion.