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EPIC Suisse Ltd. ( (CH:EPIC) ) just unveiled an announcement.
EPIC Suisse AG has announced an accelerated bookbuild offering of approximately CHF 60 million in newly issued registered shares. This move aims to strengthen the company’s financial flexibility, supporting its growth objectives and development pipeline. The offering represents about 7% of EPIC Suisse’s current share capital and will be used to finance real estate development and acquisitions, reinforce the balance sheet, and serve general corporate purposes. The shares are expected to be listed on the SIX Swiss Exchange, with a 90-day lock-up period agreed by major shareholders.
More about EPIC Suisse Ltd.
EPIC Suisse AG is a Swiss real estate company with a high-quality property portfolio valued at CHF 1.7 billion. The company focuses on sourcing, acquiring, redeveloping, and managing commercial properties in Switzerland’s major economic hubs, particularly in the Lake Geneva Region and the Zurich Economic Area. EPIC Suisse follows a ‘buy, build, and hold’ strategy and has been listed on the SIX Swiss Exchange since May 2022.
Average Trading Volume: 1,004
Technical Sentiment Signal: Buy
Current Market Cap: CHF867.7M
For a thorough assessment of EPIC stock, go to TipRanks’ Stock Analysis page.