Galderma Prices Shares at Top End, Boosting Europe IPO Market

Skincare company Galderma Group AG priced its 2.3 billion Swiss-franc ($2.6 billion) initial public offering at the top of the marketed range giving much needed confidence to a slowly rebounding market for European listings.

The EQT AB-backed company priced its IPO shares at 53 francs each, compared with a marketing range of 49 to 53 francs apiece. The stock is set to start trading Friday.

This strong appetite is being seen as a sign investors are returning to the European IPO market after shunning it for the past 18 months, mainly due to weak returns from new listings. German ...