By  on May 30, 2019

LONDON — Watches of Switzerland opened for trading on Thursday morning at a valuation of 647 million pounds on the London Stock Exchange. It priced its shares at 2.70 pounds each, near the upper end of its expected price range of 2.50 pounds to 2.77 pounds announced on Tuesday.

“We had been anticipating it to be honest,” said Brian Duffy, chief executive officer of Watches of Switzerland Group, referring to the share prices. “We got a great response from the investor community and I think we’re quietly confident about what we were doing. Having said that, it’s a relief to actually see it happen and see our name up there and a plus rather than a minus.”

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