IPO of SMG Swiss Marketplace Group imminent
The SMG Swiss Marketplace Group IPO is getting closer. The TX Group is committed to the platform in the long term - and is not selling any shares.
SMG Swiss Marketplace Group is preparing its IPO. The so-called "Intention to Float" (ITF) has now been published. TX Group, which holds a 30.7 percent stake in SMG, believes in the Group's sustainable prospects. "There are long-term convictions in terms of both cash flow and value development," the ad hoc announcement states. There is no question of an exit from the shareholder base: TX Group will not sell any shares as part of the planned IPO.
The exact timing of the IPO depends on current market conditions. Further information will follow as soon as there is more clarity.
The TX Group founded the SMG Swiss Marketplace Group in 2021 together with Mobiliar, Ringier and General Atlantic. The platforms Homegate and Ricardo as well as Tutti and car4you were brought into the group at the time. Today, SMG bundles central marketplace offerings. The TX Group sees itself as a long-term anchor shareholder.
The TX Group can look back on a long tradition in the Swiss media landscape. The Group operates a network of platforms and holdings. Its portfolio includes Tamedia newspapers and "20 Minuten" media. With Goldbach, the TX Group is also active in advertising marketing, while investments in companies such as JobCloud, Doodle and Zattoo as well as investments in the fintech sector round off its activities. TX Group itself has been listed on the stock exchange since 2000.
