SMG’s $1.1 Billion Swiss IPO Likely to Price at Top of Range

SMG Swiss Marketplace Group’s shareholders are poised to raise about 903 million Swiss francs ($1.1 billion) from its initial public offering as the deal is likely to price at the top of the marketed range, according to terms seen by Bloomberg.

The offering of about 19.6 million shares by holders Mobiliar and Ringier AG is expected to price at 46 francs apiece, according to the terms. Shares had been marketed at a range of 43 francs to 46 francs per share, with the top-of-range pricing set to value the company at about 4.5 billion francs.

There’s enough demand from ...