On 1 October 2026, Infomaniak SA's B shares began trading on SIX Swiss Exchange under the ticker "INFO". The information comes from a press release issued by SIX, the exchange operator, which has a direct interest in promoting every new listing. According to that release, the first price was set at CHF 56.00 per share, giving the listed B shares a market capitalisation of around CHF 262 million.
Founded in Geneva in 1994, Infomaniak offers sovereign cloud, collaboration tools, AI services, data storage, web hosting and streaming solutions. After more than thirty years in business, the listing marks a milestone. What kind of milestone remains to be seen.
A listing with no announced capital raise
Infomaniak did not come to the stock market through a traditional IPO. According to SIX, the company listed via a reverse takeover of Perrot Duval Holding SA. The release makes no mention of any issuance of new shares or of any amount raised in the process.
The distinction matters. The text refers to access to capital markets that "could, where appropriate" support what comes next: more data centre capacity in Switzerland, deeper integration of AI into its cloud and collaboration services, and commercial expansion in Europe. These are intentions, not secured financing. Marc Oehler, CEO of Infomaniak, also speaks in the conditional: access to the markets "would" make it possible to accelerate, with more data centres, more research and development, more talent and a stronger presence in Europe.
A structure that keeps control with the Fondation Infomaniak
The most concrete point concerns governance. Following the transaction, Infomaniak's issued share capital consists, according to SIX, of:
- 8,050,226 unlisted registered A shares, each with a nominal value of CHF 0.025;
- 4,670,103 listed B shares, each with a nominal value of CHF 0.25.
Through the unlisted A shares, the Fondation Infomaniak retains the majority of voting rights. In other words, investors who buy B shares become shareholders without taking control of the strategy. The release presents this arrangement as a guarantee that strategic control remains aligned with the mission of the company, which describes itself as committed to its independence, its Swiss roots and sustainability.
SIX also highlights two firsts: Infomaniak is said to be the first certified B Corp and the first company dedicated exclusively to sovereign cloud to be listed on its platform. The stock will be included in the Swiss Performance Index (SPI) family of indices.
What SIX takes from the Swiss Scale-up Report 2026
Two weeks earlier, on 16 September, SIX published a piece on the Swiss Scale-up Report 2026. The exchange's summary contains no detailed figures; it highlights qualitative findings:
- many scale-ups expect an exit or a liquidity event in the coming years;
- international buyers remain attractive;
- a "significant" share of founders continue to consider solutions on the Swiss capital market as their company matures;
- larger companies are more inclined to consider long-term independence.
Fabian Gerber, Head of Origination at SIX Swiss Exchange, sums up the exchange's position: Switzerland is said to combine the innovation, talent, entrepreneurial ambition and access to capital needed to build growth companies, and these companies must have attractive options for their next stage. Needs evolve with size: from seed funding to growth capital, then towards broader access to investors and long-term financing.
Infomaniak, a textbook case for SIX
The two texts echo each other. The report notes that large scale-ups think more about independence; Infomaniak is coming to the stock market while protecting precisely its own independence through a dual-class share structure. The report mentions founders who are considering the Swiss capital market; Infomaniak chose a Swiss listing.
SIX makes no secret of it. Tomas Kindler, Global Head Exchanges at SIX, sees this listing as an important milestone for Switzerland as a technology and innovation hub, and cites Infomaniak as an example of a technology company able to grow and access Swiss public markets. He also points out that Infomaniak went through the SIX IPO Academy, a support programme that the exchange promotes in both of its communications.
These texts should therefore be read for what they are: communication from a stock exchange operator seeking to attract new companies. They document a fact, Infomaniak's arrival on the exchange, and a trend identified by the report. They say nothing about Infomaniak's accounts, its revenue or the future performance of the stock.
What to watch next
For the French-speaking Swiss ecosystem, what matters is not the share price on the day but what comes next. Will access to the markets translate into new data centres in Switzerland and a greater European presence, as management has announced? Will other Swiss scale-ups follow this path rather than selling to a foreign buyer? The sources published to date do not make it possible to answer these questions.