Deals
General Atlantic-Backed SMG Taps Banks for Swiss IPO
- Firm chooses Goldman Sachs, JPMorgan, UBS for offering
- IPO could value operator of ImmoScout24 at $5 billion
The Six Swiss Exchange in Zurich, Switzerland.
Photographer: Pascal Mora/BloombergThis article is for subscribers only.
SMG Swiss Marketplace Group AG, which operates online real estate website ImmoScout24, has picked banks for an initial public offering that could value the firm at about $5 billion, according to people familiar with the matter.
The firm, which counts General Atlantic among its backers, is working with Goldman Sachs Group Inc., JPMorgan Chase & Co. and UBS Group AG on a Zurich IPO, said the people, who asked not to be identified as the information is private.