Initial Public Offering EPIC Suisse AG
On 25 May 2022, EPIC Suisse AG announced the pricing of its IPO and start of trading on SIX Swiss Exchange. The offer price was set at CHF 68 per share and a total of 2,686,567 shares were placed in the IPO, implying a market capitalisation of CHF 693 million (before exercise of the Over-Allotment Option). EPIC will raise gross proceeds from the IPO of approximately CHF 183 million before exercise of the Over-Allotment Option (and approximately CHF 203 million if the Over-Allotment Option is exercised in full). The Company will use the net proceeds from the IPO predominantly to finance its current development projects as well as potential future acquisitions, after redeeming bank facilities and shareholder loans. EPIC’s shares started trading on 25 May 2022 on SIX Swiss Exchange under the ticker symbol EPIC.