Deals & Cases

Homburger advised Sensirion in its IPO on SIX Swiss Exchange

On March 12, 2018, Sensirion Holding AG (Sensirion), a leading global manufacturer of environmental and flow sensors domiciled in Staefa, Switzerland, announced the launch of its Initial Public Offering (IPO) on SIX Swiss Exchange, the publication of the Offering Memorandum and the start of the bookbuilding process. The IPO consists of an offering of up to 9,331,428 shares (including newly issued shares to cover an over-allotment option). The expected market capitalization of the company after the IPO is CHF 404 m to CHF 503 m (CHF 438 m to CHF 545 m assuming full exercise of the over-allotment option). The first trading day is anticipated to be March 22, 2018.

Sensirion is a Swiss based pure-play sensor specialist that combines a position at the forefront of sensor innovation with a strong track record of manufacturing sophisticated and cost-efficient environmental and flow sensors for the automotive, medical, industrial and consumer end markets. Based on 2016 revenue , Sensirion is a leader in combined humidity & temperature sensors with a market share of over 50% across all applications worldwide.

Sensirion was advised on this IPO by Homburger. The team was led by partner Daniel Daeniker (Corporate / M&A) and comprised lead associates Vanessa Isler (Financial Services) for the offering memorandum, Margrit Marti and Daniel Häusermann (both Corporate / M&A) for the corporate law documentation. Further team members were partner Stefan Oesterhelt and associate Martin Schenk (both Tax) as well as associates Sergio Bortolani (Employment and Executive Compensation), Lorenzo Togni (Corporate / M&A), and junior associate Fabiana Wichert (Corporate / M&A).