Strong First Half-Year 2026 for Capital Raising Across SIX

SIX has recorded a robust first half-year across its primary markets, with both first-time issuers and established companies raising capital to support growth and strategic initiatives. Across Switzerland and Spain, resilient market conditions and strong global capital markets activity contributed to a supportive environment for equity and debt issuance.

In Spain, the IPO of engineering company TSK raised 173 million euro. In addition, logistics company Andino listed on BME Growth, becoming the first Latin American firm to list on the Spanish market. Overall, more than a dozen companies have listed across SIX exchanges in the first half of the year, reflecting the breadth of sectors and international reach of the markets.

Secondary capital raisings remained a key contributor to market activity. 

SIX exchanges have led equity raising volumes in Europe through accelerated bookbuild transactions year-to-date. Notable transactions include the 5 billion Swiss francs block trade in Galderma shares by EQT and its co-investors, as well as Zurich Insurance’s 4 billion Swiss francs capital increase to finance the acquisition of Beazley.

In Spain, CVC Capital Partners raised 3.1 billion euro through a share placement in Naturgy, while ACS completed a 1.8 billion euro capital increase to support capital expenditure plans. These transactions underline the importance of secondary markets in enabling issuers to access capital efficiently.

Debt capital markets also showed continued momentum. In Switzerland, issuance activity included large Swiss franc-denominated transactions by international technology companies, alongside significant issuance by corporates, sovereigns, financial institutions, and supranational organizations across multiple currencies.

In Spain, Banco Sabadell repatriated a 20 billion euro bond program to BME Exchange in May, following Banco Santander’s earlier decision to repatriate its core issuance program, which totaled 18 billion euro in fixed income securities in the previous year.

SIX also continued to support companies preparing for public markets. The latest Swiss IPO Academy program launched in May, offering a six-month curriculum for executives considering a listing. In April, SIX introduced the Provider Hub, a platform designed to connect issuers with trusted service providers across areas such as investor relations, legal advisory, sustainability, and audit.

Looking ahead to the second half of 2026, SIX expects continued demand for capital formation across both equity and fixed income markets. Supported by a broad investor base, deep liquidity, and transparent market structure, SIX Swiss Exchange and BME Exchange remain well positioned to support companies in financing growth across Europe.