CapLaw-2025-81

On 19 September 2025, SMG Swiss Marketplace Group Holding AG commenced trading on SIX Swiss Exchange. The transaction consisted of an offering by shareholders Ringier, Mobiliar and General Atlantic 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 was set at CHF 46.00 per share, resulting in an offer size of up to CHF 1,038 million (assuming full exercise of the over-allotment option) and an implied market capitalization of CHF 4.5 billion. Goldman Sachs Bank Europe SE, J.P. Morgan Securities plc and UBS AG acted as joint global…