Today, the shares of Ina Invest Holding AG (ticker „INA“) were traded for the first time on the Swiss Stock Exchange, opening at CHF 24.30 per share. This corresponds to a total market capitalization of CHF 215 million.
The shares of Ina Invest, which were distributed to Implenia shareholders in the context of the spin-off of parts of Implenia’s development portfolio, and the new shares from the rights offering, were traded at SIX for the first time today. The new shares were offered to the existing Implenia shareholders at a ratio of 7 new shares for every 25 subscription rights held. The issued share capital of Ina Invest was increased by 5'172'160 new registered shares at an issue price of CHF 22.42 per shares. The market capitalization amounted to CHF 215 million (at an opening price of CHF 24.30 per share).
Marc Pointet, CEO Ina Invest Holding AG, says: "With the listing of Ina Invest as a standalone company we create a new, unique player in the Swiss real estate market. I am convinced of the significant potential Ina Invest has to offer and look forward to realising it together with my colleagues".
Jos Dijsselhof, CEO SIX, says: “I am delighted that Ina Invest is opening the IPO season 2020 on our exchange and decided to benefit from the advantages of a public listed company in order to realize its growth targets. In these extraordinary times, this is an IPO with a great signal effect and further proof of the strength of the Swiss capital market.”
The business model of Ina Invest covers the entire real estate value chain: from procurement and acquisition through project development and execution to real estate letting and management. Through its close partnership with Implenia, Ina Invest benefits from all the competencies of the leading construction and construction services company. The environment is very important to Ina Invest: it therefore orients all its phases of the value chain to setting the highest sustainability standards in the industry.
The Swiss financial marketplace with its Stock Exchange at heart represents a strong network. The attractiveness of Switzerland as a business location is a consequence of the interplay of many mutually reinforcing factors. Switzerland has occupied a top position in the heart of Europe for decades in terms of innovation, competitiveness and political and economic stability. And it is one of the world's most important trading venues for capital and commodities.
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