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Homburger advises underwriters in the CHF 680 m IPO of Investis Holding SA on SIX Swiss Exchange

04 Jul 2016

On July 4, 2016, Investis Holding SA (SIX: IREN), a leading residential property company in the Lake Geneva region and a national real estate services provider, conducted its initial public offering (IPO) on SIX Swiss Exchange. The first trading day was June 30, 2016. Investis Holding SA issued 2,800,000 new registered shares in the offering, thereby raising approx. CHF 150 m in gross proceeds upon completion of the IPO. Furthermore, Stéphane Bonvin, founder and CEO of Investis Holding SA, has granted the underwriters an over-allotment option of up to 280,000 additional existing registered shares, exercisable within 30 calendar days after the first trading day on SIX Swiss Exchange. The offer price was CHF 53 per share. The market capitalization at the offer price was approx. CHF 680 m.

Homburger AG acted as legal counsel to the underwriters with Credit Suisse AG acting as global coordinator. The Homburger team was lead by partner Frank Gerhard (Corporate | M&A) and comprised associates Camille Auberson and Vincent Delaloye (both Corporate | M&A).

Matter Type
Banking & Finance - Capital Markets: Equity
Industry
Other
News Category
M&A
Banking & Finance