A listing on SIX Swiss Exchange or BX Swiss, a bond issue or a private placement opens one of the deepest pools of capital in Europe. See what each route requires in prospectus, admission and disclosure, and how to raise capital in and from Switzerland.
Switzerland gives your company access to international investors through SIX Swiss Exchange and BX Swiss, through bond issues and through private placements with professional investors. Companies from Shanghai and Shenzhen have used global depositary receipts listed on SIX to reach European investors, and growing companies raise capital here long before they consider a listing.
A listing is only one route. The Swiss franc bond market is open to foreign issuers, and shares or convertible bonds can be placed privately with professional investors without a prospectus. Many growth companies complete several financing rounds this way before an IPO.
Since 2020 the Financial Services Act has set the prospectus rules. A prospectus for a public offer or a listing must be approved by a review body licensed by FINMA before it is published, and prospectuses approved abroad can be recognised. Admission to trading on SIX or BX Swiss is a separate step under the exchange's own listing rules.
Once listed, the company must publish price-sensitive facts ad hoc, disclose significant shareholdings from 3 per cent, and report annually and half-yearly. Insider trading and market manipulation are criminal offences under the Financial Market Infrastructure Act, and FINMA supervises market conduct.
IPO and Listing
A listing in Switzerland gives a company access to European investors, a stable currency and one of the most respected financial centres in the world. The articles collected here explain listing on the SIX Swiss Exchange and BX Swiss, the admission requirements and listing segments, the prospectus under the Financial Services Act and its review by a prospectus office, the disclosure and ad hoc publicity duties that follow, and the preparation of a company from Asia, the Middle East or Africa for a Swiss listing, from its group structure and accounts to its board and governance. To the articlesCapital Raising
Switzerland offers companies many ways of raising capital beyond a public listing. The articles collected here explain private placements with qualified investors, bonds and convertible instruments, pre-IPO financing rounds, capital increases and the rights of existing shareholders, and the issuance of tokenised shares and bonds as ledger-based securities. They set out when a prospectus is required and when an exemption applies, which licences investors and intermediaries need, and how a foreign group can use a Swiss company to raise capital from investors in Switzerland and Europe. To the articlesCapital Markets
The Swiss capital market is organised around the SIX Swiss Exchange in Zurich and BX Swiss in Bern and supervised by FINMA and the exchanges themselves. The articles collected here explain listing requirements, the prospectus under the Financial Services Act, the disclosure of significant shareholdings, ad hoc publicity, market abuse and insider dealing, and Swiss takeover law. They also trace the history of the Swiss exchanges and show what a listing in Switzerland can offer companies from Asia, the Middle East and Africa that want access to European investors. To the articles