Swiss Prime Site raises CHF 300m by way of an accelerated bookbuilding

Swiss Prime Site (SIX: SPSN) has successfully placed 2,926,829 newly issued shares by way of an accelerated bookbuild offering. At a placement price of CHF 102.50 per share, the offering raised CHF 300 million in gross proceeds for the company. Closing of the transaction is expected to take place on 27 February 2025.

Niederer Kraft Frey represented the banking syndicate in the transaction, consisting of UBS AG and Citigroup Global Markets Limited.

The NKF team was led by Capital Markets partners Philippe Weber and Deirdre Ni Annrachain, working with junior associate Philipp Theiler (Capital Markets).