By Oliver Hirt
Switzerland's Infracore will start trading on the Swiss stock exchange on or around July 9, the healthcare real estate firm said on Tuesday, as it set the final price for its initial public offering at 54 Swiss francs a share.
Infracore said its IPO gives it a total market capitalization of about 826 million francs ($1 billion). It is expected to raise gross proceeds of around 200 million francs.
The firm intends to use proceeds to finance the acquisition of additional hospital properties and repay shareholder loans worth just over 55 million francs.
Should demand exceed supply, majority shareholder U.S.-based Medical Properties Trust NYSE:MPT may sell shares from its own holdings. The second-biggest shareholder, Swiss investment company Aevis Victoria SIX:AEVS, aims to remain invested.
Infracore says it owns 47 properties in Switzerland worth about 1.4 billion francs. In the 2025 financial year, Infracore logged revenues of 66.1 million francs and a net yield of 4.5%.
Citigroup and Zuercher Kantonalbank are joint global coordinators and bookrunners of the IPO.
($1 = 0.8088 Swiss francs)