Ascend Targets CHF220m Swiss Share Offering

Ascend Sport Technology is pursuing a Swiss stock market listing through a proposed merger with SIX-listed EvoNext Holdings, alongside a share offering of up to CHF220 million.

The proposed offering includes 72 million existing shares and eight million new shares, plus an option for eight million additional existing shares. The indicative price range is CHF2.25 to CHF2.75 per share, with a targeted free float of approximately 40%.

Ascend provides sports technology and commercial services to more than 100 rights holders and over 500 brands and broadcasters in more than 20 countries. Its technology has supported more than 10,000 matches, and 19 of Europe's top 30 football clubs are among its clients.

Ascend reported approximately CHF44 million in net revenue and CHF25 million in EBITDA for its 2025/26 financial year, equivalent to a 57% EBITDA margin. Those figures are subject to completion of the audit.

Shareholders of both businesses are due to vote on the merger on 3 December. If approved, EvoNext would remain the listed legal entity and adopt the Ascend Sport Technology name, with bookbuilding expected to begin on 7 December.