SIX Swiss Exchange Welcomes Centiel Listing, Despite Challenging Market Environment

Ongoing market volatility and heightened geopolitical tensions are weighing on global IPO activity, but well‑prepared issuers continue to explore public market options. This is reflected in Lugano based Centiel’s recent decision to access public markets through a listing on SIX Swiss Exchange.

SIX Swiss Exchange Welcomes Centiel Listing, Despite Challenging Market Environment
Published at
Medium
News

On April 17, 2026, Centiel, a Swiss-based technology group that designs, manufactures and supplies advanced uninterruptible power supply (UPS) systems for mission-critical applications, went public on SIX Swiss Exchange, following the reverse merger with HT5 AG, opening at a share price of CHF 3.20, and giving the company a market capitalization of approximately CHF 261 million.

The decision by Centiel to list on SIX Swiss Exchange is a strong vote of confidence in SIX Swiss Exchange, strengthening its position as a leading venue for innovative Swiss companies. It also reflects Switzerland’s appeal as an attractive listing destination for technology firms, enabled by its excellent access to global and domestic investors, competitive liquidity, and a supportive environment which helps fuel sustainable post-IPO growth.

 

Stefano Chierici, Senior Product Manager bei SIX, darüber, wie man regulatorische Komplexität in operative Klarheit für globale Standards der Steuertransparenz verwandelt.

We are delighted to welcome Centiel to SIX Swiss Exchange. In a difficult market environment, Centiel’s decision to go public evidences trust in its business model as well as in the Swiss marketplace. This underscores a firm strategic posture and warrants recognition. We look forward to accompanying Centiel through its next stage of development as a listed company.

Tomas Kindler, Global Head Exchanges, SIX

 

Gerardo Lecuona, Centiel's co-founder, Board member and CEO, comments: “This milestone marks a new chapter for Centiel. As global reliance on uninterrupted power grows, we are well positioned to scale our technology and support critical infrastructure. We take the trust placed in us seriously and are fully committed to delivering on our ambitions as a public company.”

 

Watch the highlights

Recent geopolitical developments meant European IPO activity was subdued in the first quarter, with the number of listings declining by 18% YoY to 28. At the same time, total IPO proceeds rose by 48% to USD 6.4 billion, supported by the quarter’s largest transaction, the listing of Czech industrial and defence group CSG, highlighting investors’ continued appetite for larger, well‑prepared issuers.[1]

[1] EY, Global IPO highlights in Q1 2026

Photo Gallery

Further Links