Pestalozzi advised Ringier in connection with Initial Public Offering of SMG Swiss Marketplace Group Holding

Pestalozzi acted as legal advisor to Ringier AG in its capacity as shareholder of SMG Swiss Marketplace Group Holding AG in connection with the company’s Initial Public Offering on SIX Swiss Exchange.

The Offering consists of 19,629,040 existing shares, with an over-allotment option of up to 2,944,353 existing shares. The price range for the offered shares has been set at CHF 43.00 to CHF 46.00 per share and will result in an offer size of between CHF 971 million and CHF 1 billion. Based on the offer price range, the implied market capitalisation of SMG Swiss Marketplace Group Holding AG is estimated between CHF 4.2 billion and CHF 4.5 billion. 

The SMG group was formed in 2021 by TX Group, Ringier, Mobiliar and General Atlantic and is the online marketplaces leader in Switzerland. The SMG group operates well-known brands under three primary business segments: real estate (Homegate, ImmoScout24, Flatfox), automotive (AutoScout24) and general marketplaces (Ricardo, tutti.ch, anibis.ch), complemented by additional price comparison offerings in finance and insurance (FinanceScout24).

Pestalozzi Attorneys at Law Ltd.
Zurich – Feldeggstrasse 4 | 8008 Zurich | Switzerland | T +41 44 217 91 11
Geneva – Cours de Rive 13 | 1204 Geneva | Switzerland | T +41 22 999 96 00
www.pestalozzilaw.com