Infracore Debut Shares Slip 1.5% Below Offer

Infracore Swiss IPO Performance

Infracore's shares opened at the 54 Swiss franc offer price on the Swiss Stock Exchange on Thursday but fell to 53.6 francs by 08:30 GMT, a decline of roughly 1.5 percent. The opening price placed the hospital‑real‑estate company at an approximate market value of $1 billion.

The company owns nearly 50 healthcare properties in Switzerland, with a combined estimated value of about 1.4 billion Swiss francs. Swiss Medical Network, the country's second‑largest private hospital operator, is identified as Infracore's main tenant.

The listing comprised both newly issued shares and shares sold by major shareholder Medical Properties Trust (NYSE:MPT). Infracore indicated that the gross proceeds of roughly 200 million Swiss francs will be primarily allocated to expanding its property portfolio and to repaying shareholder loans.