Sunrise in Europe's Equity Primary Market

On 15 November 2024, Sunrise, went public on SIX Swiss Exchange at an opening price of CHF 44.75 per Class A share. The listing of the leading challenger in the Swiss telecom market – a spin-off of Liberty Global – marks a notable year for Europe’s Equity Primary Market.

“I am delighted to welcome back Sunrise to SIX Swiss Exchange. It is exciting to see one of Switzerland’s key telecom players deepen its roots here, bringing new investment opportunities to the market. I wish Sunrise every success as it continues its journey as an independent SIX-listed company.

This listing rounds off a successful year, during which the exchanges of SIX in Switzerland and Spain recorded the two largest IPOs in the world in the first half of the year. Last week, we welcomed three new additions to the SIX markets: Sunrise in Switzerland, and Inmocemento and Cox in Spain. It is great news that the pace of new companies joining the markets remains at this level, which demonstrates the role of the stock exchange in meeting the needs of companies in all circumstances.”

That Sunrise chose to list in Switzerland is an apt demonstration of the Exchange’s core strengths, a point made by Bjørn Sibbern, Global Head Exchanges at SIX. “Sunrise's successful spin-off is a testament to the strength of Switzerland's financial ecosystem. The listing of Sunrise reflects our ongoing commitment to provide the infrastructure and expertise that enable local champions to excel and grow,” he said.

“Today marks the successful introduction of Sunrise as a standalone company on SIX Swiss Exchange. I believe that Sunrise is better and stronger than ever. We are leveraging our strong number two position in the attractive Swiss telecom market, and we are well equipped to deliver our long-term vision and to continue serving Swiss customers with high-quality networks and attractive service offerings. The Sunrise shares represent a compelling investment opportunity for existing and new investors. Sunrise is primed for growth and cash returns and we expect an attractive progressive dividend policy.”