EPIC Suisse AG successfully launches IPO, becoming first new issuer to list on Main Market of SIX Swiss Exchange in 2022
Niederer Kraft Frey advised EPIC Suisse AG as issuer’s counsel in connection with its initial public offering and listing on SIX Swiss Exchange. The transaction represents the first traditional IPO on the Main Market of SIX Swiss Exchange in 2022. 2,686,567 new shares were placed with investors at an offer price of CHF 68.00, implying a market capitalisation of CHF 693 million (before exercise of an over-allotment option of up to 298,507 shares).
EPIC is a growing Swiss commercial real estate company with a property portfolio of 25 properties strategically located in the Lake Geneva and Zurich regions. As at 31 December 2021, the fair value of its properties was approximately CHF 1.5 billion. EPIC will use the net proceeds from the IPO to finance its current development projects as well as potential future acquisitions, after redeeming bank facilities and shareholder loans.
The NKF team was led by Corporate/Capital Markets partner Philippe Weber, working with senior associates Franziska Albers-Schönberg (Capital Markets) and Roman Sturzenegger (Corporate). The team further included senior associate Julia Tolstova and junior associate Carlotta Ulmer (both Corporate/Capital Markets).