SMG Swissmarketplace Group AG Considers $1.2 Billion Zurich IPO for Next Month

SMG Swissmarketplace Group AG, operator of property portal ImmoScout24, is considering an initial public offering (IPO) in Zurich that could raise around $1.2 billion. The company, backed by General Atlantic, is sounding out investors and the IPO could value it at around $4.5 billion. Goldman Sachs, JPMorgan Chase, and UBS are leading the offering, while Barclays, BNP Paribas, Morgan Stanley, and Zuercher Kantonalbank have also been added to assist. No final decisions have been made and the timing and structure of the deal are subject to change.