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TX Group AG ( (CH:TXGN) ) has shared an update.
TX Group, along with its partners, founded SMG Swiss Marketplace Group in 2021, contributing several platforms to the venture. The company has announced SMG’s intention to float on the stock market, emphasizing its confidence in SMG’s long-term potential and stating it will retain its shares during the IPO. The IPO’s timing will be contingent on market conditions, with further details to be disclosed later.
More about TX Group AG
TX Group is a multifaceted company that operates a network of platforms and investments, offering services in information, orientation, entertainment, and assistance for everyday life. With roots in journalism through Tamedia and 20 Minuten, it also includes advertising through Goldbach and investments in fintech via TX Ventures. TX Group is a significant shareholder in SMG Swiss Marketplace Group and JobCloud, and holds stakes in Doodle and Zattoo.
Average Trading Volume: 2,574
Current Market Cap: CHF2.07B
For an in-depth examination of TXGN stock, go to TipRanks’ Overview page.