on SMG Swiss Marketplace Group AG
SMG Swiss Marketplace Group AG Launches IPO at CHF 46 per Share
SMG Swiss Marketplace Group Holding AG announced the pricing of its Initial Public Offering at CHF 46 per share. This price represents the top of the previously announced range. The shares are now trading on the SIX Swiss Exchange under the ticker symbol "SMG". The IPO reflects the company's aim to strengthen its position in the digital marketplace sector in Switzerland.
SMG Swiss Marketplace Group, established in November 2021, is known for its innovative online market services. Its portfolio spans real estate, automotive, general marketplaces, and finance and insurance segments, under brands like ImmoScout24 and AutoScout24. This market debut marks a significant milestone in the company's growth trajectory, allowing further expansion and development of its pioneering products.
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