General Atlantic-Backed Marketplace Firm SMG Plans Swiss IPO (1)

SMG Swiss Marketplace Group AG announced plans to list on the SIX Swiss Exchange, which would mark Switzerland’s first major initial public offering in more than a year.

Shareholders Mobiliar and Ringier AG are set to offer shares in the IPO, while General Atlantic and Ringier could sell stock as part of an over-allotment option, the company said in a Tuesday statement. SMG, which operates property portal ImmoScout24, will not sell any new stock in the offering, but the IPO will help it access capital markets and support its future growth, the firm said.

The IPO could raise about ...