IPOQB
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CH · EMEA · International Reporting
SIX Swiss Exchange
SIX Group · Zurich · CHF
Premium venue for healthcare and quality industrials; very deep institutional base.
Eligibility · Meridian Renewables (example)
Conditional
1 requirement(s) not yet met — see eligibility below.
Min market cap
$25M
admission floor
Min free float
20%
public hands
Est. all-in
6.1%
on $700M
Time to list
20–24w
from kickoff
Regulator
FINMA / SIX
oversight
Eligibility check
Market capitalisation
Requirement: ≥ $25M
$4.8B
Free float
Requirement: ≥ 20%
~15%
Operating history
Requirement: ≥ 3 yrs
11 yrs
Profit / revenue test
Requirement: No fixed profit test
Profitable
!
Governance standard
Requirement: Swiss DCG
Gaps
Accounting
Requirement: IFRS / US GAAP / Swiss
IFRS
Rules as of 2026-Q2 · source: SIX Listing Rules (FINMA / SIX Exchange Regulation, CH). Compiled summary — validate against the primary source before filing.
Fees & cost
Est. all-in · $700M raise$43M 6.1%
Underwriting spread4.8% · $34M
Initial listing feeCHF 0.2M
Annual feeCHF 70k
Legal · audit · IR · other$9.0M
Total all-in$43M (6.1%)
Market quality & investors
Liquidity★★★★☆
Analyst coverage★★★★☆
Retail participation★★☆☆☆
Institutional depth★★★★★
Index inclusion
SMI
Aftermarket: +8% avg first-day
Process & sectors
Typical time-to-list20–24w
RegulatorFINMA / SIX
Dual / secondary listingSupported
Min public shareholders
Sector strength
HealthcareFinancialsIndustrials
Notable listings: Sandoz, Novartis (listed)
SIX Swiss Exchange IPO Listing Requirements & Cost · IPOQB