Books covered for IPO of Swiss telecoms firm Sunrise - source

LONDON (Reuters) - Books are covered for the stock market flotation of Swiss telecoms firm Sunrise, a source familiar with the matter said on Tuesday. "Books were covered by lunchtime," the source said, adding that demand had been strong from both institutional investors and hedge funds. Earlier the company, backed by European private equity fund CVC [CVC.UL], said it expected to be valued at up to 3.3 billion Swiss francs (2.4 billion pounds) after setting a price range of 58-78 francs per share. (Reporting By Freya Berry; editing by Pamela Barbaglia)