immo!nvest – Die Plattform für Standorte und Immobilien

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  • Online marketplace operator aims to be listed on the Swiss stock exchange

    Online marketplace operator aims to be listed on the Swiss stock exchange

    SMG Swiss Marketplace Group AG has announced an initial public offering on the SIX Swiss Exchange. According to a press release, the IPO is intended to provide shareholders with liquidity options and give SMG access to broader capital markets to support potential growth initiatives and increase financial flexibility. At the same time, this should further strengthen the Group’s market position and increase brand awareness. The exact timing of the IPO has not yet been finalised and will depend in particular on market conditions.

    The shares are to be sold by two of the Group’s current shareholders, Mobiliar and Ringier. The offering is expected to be conducted as a public offering in Switzerland and in other countries in the form of private placements to certain qualified investors. The shares of the Group are expected to be admitted to trading on SIX and fulfil the minimum free float requirement of 20 percent. Goldman Sachs, J.P. Morgan and UBS will act as global coordinators and joint lead managers for the IPO, according to the press release.

    “With a clear value proposition, a trusted brand portfolio and strong local expertise, we are well positioned to deliver even greater value to millions of users,” commented Christoph Tonini, CEO of SMG. “By investing in pioneering technologies, we want to set new standards for Swiss online marketplaces.”

    SMG was founded in 2021 as a joint venture between TX Group AG, Ringier AG, Schweizerische Mobiliar Versicherungsgesellschaft AG and General Atlantic SC B.V. and has since established itself as a leading online marketplace in Switzerland. In 2024, SMG generated revenue of CHF 290.9 million and earnings before interest, taxes, depreciation and amortisation of CHF 139.2 million.

  • Procimmo II goes public

    Procimmo II goes public

    The Procimmo SA is its Swiss Commercial Fund II (Procimmo II) in late March on the SIX Swiss Exchange shares listed, the asset manager of collective real estate investments informed in a release . Procimmo II was set up in 2014 for a limited group of investors. Since then, the fund, which mainly holds commercial, industrial and logistics properties, has achieved an average return of 7.4 percent, Procimmo reports.

    In addition, the fund has paid an annual dividend of at least 5 francs per unit over 100 francs, is further explained in the announcement. The fund currently comprises 33 properties in German-speaking Switzerland. The assets invested in Procimmo II amounted to CHF 563.4 million as of September 30th. On the corresponding reporting date in the previous year, it was 470.3 million francs.

    Before going public, Procimmo intends to carry out a further capital increase of around 60 million francs, the company informs in the announcement. The funds brought in are to be used to reduce the debt financing quota and to continue existing construction projects. In addition, Procimmo is examining additional investments in economically active regions outside the city centers.