Watches of Switzerland floats with £647m valuation

Watches of Switzerland flagship store

Specialist retailer Watches of Switzerland has floated on the London Stock Exchange at 270p per share, giving the retailer a market capitalisation of £647m.

Chief executive Brian Duffy said the IPO heralded “the next phase in our growth story”.

He said: “I am delighted by the reaction we have received from the market to our business and the significant opportunities that lie ahead. I look forward to welcoming our new shareholders to the business and to working with them as we continue to execute on our growth strategy.”

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