Swiss chocolate maker Lindt & Sprüngli’s shares have gone above 100,000 francs ($111,000), making them the second most expensive in the world.
Swiss chocolate manufacturer Lindt & Sprüngli’s registered shares are showing no signs of melting and had already broken above 100,000 francs in anticipation of strong first results in the run-up to the half-year figures for 2021.
Tenfold Rise Since 2004
The reality exceeded expectations and they are now trading at around 106,400 francs. This means that the share price has increased more than tenfold since March 2004, when they first went above 10,000 francs. In the past 12 months alone, the share price has risen by around 36 percent.
This takes the company’s market capitalization to 25.1 billion francs. The largest single shareholder is U.S-based investment company Blackrock, which holds 4.46 percent.
Looking to Remain Exclusive
When the share price hits such lofty heights, companies often begin thinking about a share split, but Chairman Ernst Tanner has for now dismissed the idea because a high share price lends the company the prestige and exclusivity of some of its products. It also limits the number of people who can own shares.
However, the most expensive share in the world by a long chalk is Warren Buffet’s investment company Berkshire Hathaway at around $424,000, showing that the «Sage of Omaha» is more tempting to investors than chocolate.
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