The shares of Zug Estates Holding Ltd (ZUGN) were today traded for the first time on SIX Swiss Exchange according to the Standard for Real Estate Companies. The opening price was CHF 1,191.00. This is equivalent to a free-float market capitalization of the listed shares of around CHF 375 million.
According to the listing prospectus a total of 315,136 shares of CHF 25 each were entered in the commercial register and listed on SIX Swiss Exchange and admitted to trading.
The Zug Estates Group (formerly MZ-Immobilien Ltd) designs, develops, constructs and manages properties. It focuses on the centrally located area in the Zug region that facilitates a wide range of uses and sustainable development.