Bloomberg: IPOX® Analyst Muehlbauer on SMG’s Zurich Debut and Boost for European IPOs

Bloomberg reported on the strong market debut of online used car and property marketplace operator SMG Swiss Marketplace Group AG, whose shares rallied 8.7% above their offering price on the SIX Swiss Exchange. The $1.1 billion IPO, Switzerland’s largest since March 2024, highlights renewed investor appetite for European listings after a sluggish start to the year.

IPOX® Research Associate Lukas Muehlbauer commented on the significance of the listing:

“SMG trading up in the aftermarket was to be expected given there’s a scarcity of large deals in Eu rope. Investors now want to see genuine growth stories. Strong aftermarket performance builds confidence — especially when companies are backed by institutions rather than simply exiting owners.”

The debut is seen as a confidence booster ahead of Verisure Plc’s planned €3.1 billion IPO, expected to be Europe’s largest in three years. SMG, backed by General Atlantic, Mobiliar, and Ringier AG, raised about 903 million Swiss francs in its offering and was valued at roughly 4.5 billion francs.

Read the full article by Levin Stamm on Bloomberg: SMG Rallies in Zurich Debut, Marking Boost for European IPOs