Epic shares to cost between CHF 67 and CHF 77

Epic Suisse AG announced that the IPO comprises approximately 2.99 million shares, consisting of up to 2.69 million "sale shares" and up to 298,507 over-allotment shares. The over-allotment shares will be newly issued as part of a capital increase. Assuming that the over-allotment option is fully exercised, Epic expects gross proceeds of approximately CHF 200 million.

The price range for the offered shares is between CHF 67 and CHF 77, which would correspond to a total market capitalization of CHF 682 million to CHF 757 million, or CHF 702 million to CHF 777 million if the over-allotment option is exercised in full.

Current shareholders - Alrov Group (77.8%) and the Greenbaum family (22.2%) - will not sell shares in the IPO, Epic says. Major shareholders have agreed to a lock-up period of 12 months after the first day of trading.

The real estate company intends to use the net proceeds from the IPO primarily to finance ongoing development projects and for possible future acquisitions.

The offer period is expected to run until May 24, 2022. One day later, on May 25, Epic intends to publish the offer price and the final number of shares. Listing and commencement of trading on the SIX Swiss Exchange is planned on or around May 25, 2022. (ah)