Swiss Marketplace Group plans to go public on Zurich SIX stock exchange, backed by TX Group and General Atlantic. IPO could raise 1 billion Swiss francs, valuing the company at 4.5 billion Swiss francs. SMG focuses on Swiss market, shielded from tariff issues, making it an attractive offering.

Controlling shareholders Mobiliar, Ringier, and General Atlantic will sell shares in SMG IPO while TX Group will not. Company, largest operator of real estate and car sales websites in Switzerland, generated 291 million Swiss francs in sales with 48% operating profit margin in 2024. Sales growth expected for 2025.

J.P.Morgan, Goldman Sachs, UBS, and others are coordinating SMG IPO. Company operates property websites like homegate.ch and Autoscout24 in Switzerland. Listing may signal European IPO market revival, with potential candidates in Germany like Ottobock and Deutsche Börse’s ISS Stoxx.

Read more at Yahoo Finance: Online classifieds business Swiss Marketplace Group set for IPO