UBS Share Price Unfazed by Sale of Large Stake
An unnamed investor has sold a large stake in UBS, with the share price only coming under brief pressure at the start of trading.
An unidentified institutional investor has sold their entire stake in UBS of around 16 million shares, worth approximately 503 million Swiss francs ($624 million), according to a report by «Bloomberg». The stake corresponds to roughly 0.5 percent of the Swiss banking giant’s share capital.
The sale was priced at 31.46 francs per share, according to available documents, which is a 1.4 percent discount compared to Monday's closing price.
Fully Subscribed
The transaction was arranged by Goldman Sachs. The offering was reportedly fully subscribed shortly after the placement began.
On Tuesday morning, UBS shares were trading at 31.78 francs, down 0.41 percent. In early trading, the price had temporarily fallen as low as 31.46 francs.
Since the start of the year, UBS shares have gained around 15 percent in value. From the year’s low on April 9 — following turbulence triggered by the announcement of US President Donald Trump’s tariffs — the stock is up nearly 54 percent.
