SIX to launch new equity segment Sparks for SMEs

By Megha Bhattacharya

SIX announced that it will launch its new Sparks equity segment dedicated to Small & Medium Enterprises (SMEs). These companies will benefit from enhanced visibility, a more relevant peer group and more effective price formation in their equity securities while benefitting from all the well-known advantages of being a listed company on the Swiss stock exchange.

According to Valeria Ceccarelli, Head Primary Markets, SIX Swiss Exchange, “SMEs in Switzerland – as in many countries – are a powerful economic engine. Our challenge has been to ensure that we can offer entrepreneurs a platform that can help them efficiently access capital, enhance their visibility, strengthen their credibility, and provide the levels of transparency and scrutiny that maximize investor interest. With Sparks, we will be able to achieve the right balance of all of these elements as well as to contribute meaningfully to the growth of SMEs and, more broadly, to that of the Swiss economy.”

The company stated that Sparks, a new equity segment on the Swiss stock exchange, will provide a key piece in addressing this need of SMEs and their investors for a dedicated, tailored, regulated exchange venue. In establishing and growing a well-functioning ecosystem for raising public capital the continual and concerted efforts of the broader Swiss financial centre will also be very important.

Recently, SimCorp, a provider of integrated, front-to-back, multi-asset investment management solutions and services, and SIX announced an extension of their partnership, providing the former’s clients with global reference, pricing and regulatory data directly within SimCorp Dimension.