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Swiss healthcare real estate company Infracore has fixed the offer price for its initial public offering (IPO) at 54 Swiss francs per share, valuing the company at around USD 1 billion. The listing on the SIX Swiss Exchange is scheduled for July 9 and is expected to raise about 200 million Swiss francs through newly issued shares. The company plans to use the proceeds to acquire more hospital properties and repay shareholder loans. Strong investor demand has already covered both the primary offering and the greenshoe option, indicating positive market interest.
Swiss healthcare real estate company Infracore has priced its initial public offering (IPO) at 54 Swiss francs per share, giving the company a market valuation of around 826 million Swiss francs, or approximately USD 1 billion. The company is expected to begin trading on the SIX Swiss Exchange on July 9.
The IPO is expected to generate gross proceeds of about 200 million Swiss francs through the issue of new shares. Infracore said the funds will be used to acquire additional hospital properties across Switzerland and repay shareholder loans of just over 55 million Swiss francs. The company has previously stated that the fundraising is aimed at supporting its long-term growth strategy while strengthening its balance sheet.
Bookrunners managing the offering said later that the order book had been fully covered for both the 200 million Swiss franc primary offering and the 30 million Swiss franc greenshoe option, reflecting strong investor demand for the listing.
If investor demand exceeds the available shares, majority shareholder Medical Properties Trust, a US-based healthcare real estate investment trust, may sell additional shares from its existing holdings. Meanwhile, Swiss investment company Aevis Victoria, the second-largest shareholder, intends to retain its investment in Infracore.
Infracore owns a portfolio of 47 healthcare and hospital properties across Switzerland with an estimated value of around 1.4 billion Swiss francs. During the 2025 financial year, the company reported revenue of 66.1 million Swiss francs and recorded a net yield of 4.5%. Its properties are leased under long-term agreements, providing stable rental income from the healthcare sector.
The IPO is being coordinated by Citigroup and Zürcher Kantonalbank, which are acting as joint global coordinators and bookrunners. Earlier this month, Infracore had announced its intention to list on the Swiss stock exchange as part of its plan to expand its healthcare real estate portfolio and strengthen its capital base.
Source Reuters
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