On September 19, 2025, SMG, a pioneering Swiss network of digital marketplaces, went public on SIX Swiss Exchange at an opening price of CHF 48.25 per share. This stock market debut is Europe’s biggest IPO year-to-date, measured by transaction size, placing SMG among Europe’s largest IPOs of the past two years – alongside Puig, Galderma, and HBX, whose IPOs were all hosted at Europe’s listing powerhouse, SIX and BME.
This listing comes as the European IPO market continues its return to health.
Established in 2021 as a joint venture between TX Group, Ringier, Mobiliar, and General Atlantic, SMG’s platforms are well-known household names in Switzerland, and include the likes of Homegate, ImmoScout24, AutoScout24, Ricardo, tutti.ch, and FinanceScout24.
The IPO marks a major milestone in the company’s growth journey, and will establish a solid foundation for future initiatives and a strengthened market position, whilst also facilitating easier access to global and local investors – retail and institutional alike.