UPDATE 1-Skin care company announces price range for $2.6 billion flotation

Skin care company Galderma on Wednesday announced a price range of 49 to 53 Swiss francs for its upcoming 2.3 billion Swiss francs ($2.6 billion) flotation. There is also over-allotment option of up to 6.1 million existing shares, the Swiss company said, which if fully exercised will lead to an offer size of 2.3 billion Swiss francs. The Swiss company's initial public offering, which could be one of the biggest flotations in Europe this year, was originally announced last week.