Swiss stocks - Factors to watch on May 29
ZURICH, May 29 The Swiss blue-chip SMI was seen opening 0.10 percent higher at 9,051 points on Monday, according to premarket indications by bank Julius Baer .
June 5 Arista Networks Inc shares have been priced at $43 each, the Wall Street Journal said, citing sources, valuing the network switch maker at about $2.75 billion.
Arista's IPO raised about $226 million, after its offering of 5.25 million shares was priced well above its expected price range of $36-$40.
The company, which competes with Cisco Systems Inc, makes network switches that handle traffic at large internet data centers for companies including Microsoft Corp, VMWare Inc, Facebook Inc, Yahoo Inc, Comcast Corp and Citigroup Inc.
Arista's shares are expected to start trading on the New York Stock Exchange on Friday under the symbol "ANET".
Morgan Stanley and Citigroup are the lead underwriters for the offering. (Reporting by Avik Das in Bangalore)
HONG KONG, May 29 China's Lianhua Supermarket Holdings Co Ltd on Monday said shareholder Shanghai Yiguo E-Commerce Co Ltd would sell an 18 percent stake in supermarket chain operator to a unit of Alibaba Group Holding Ltd.
* Says won a global contract from Ford for delivery of circa 8 million camshafts