vVARDIS prices IPO below range; VVVV closes first day lower
vVARDIS priced 9.72 million shares at $18, below its preliminary $21–$24 range. NYSE trading began November 13, and the stock closed its first session at $16.50.
vVARDIS Holding AG priced its initial public offering on 13 November 2026 at $18 per Class A ordinary share. The issuer said it sold 9,722,223 shares, equivalent to about $175 million in gross proceeds before underwriting discounts and expenses. Underwriters also received a 30-day option for up to 1,458,333 additional shares to cover over-allotments.
The final price was $3, or about 14%, below the $21–$24 range in the company's preliminary prospectus filed on 12 November. The base share count rose from 8,333,334 in that filing to 9,722,223 at pricing. These figures compare the preliminary terms with the issuer's pricing announcement; they do not include any later exercise of the over-allotment option.
NYSE confirmed vVARDIS was publicly listed under ticker VVVV on 13 November. Historical market data from Yahoo Finance shows the shares closed that first session at $16.50, 8.3% below the offer price. That is the first-day closing return, not the opening trade or a longer-term performance measure.
As of this research update on 15 November, the issuer had said the offering was expected to close on or about 16 November, subject to customary closing conditions. Pricing and public trading were confirmed; settlement was still stated as expected in the issuer's announcement.