Online property portal SMG Swiss Market Place announces intention to float
02/09/2025 05:35
ZURICH, Sept 2 (Reuters) - Online real estate and car sales platform SMG Swiss Marketplace Group on Tuesday announced its intention to float, a sign of a revival in the previously subdued European IPO market. "SMG Swiss Marketplace Group has today published an Intention to Float," said TX Group, which owns a 30.7% stake in SMG. The timing of the planned IPO depends particularly on market conditions, TX Group said, adding further information would be communicated in due course. (Reporting by John Revill, Editing by Friederike Heine) ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net))