Holcim, a leading construction materials manufacturer, is planning the initial public offering (IPO) of its North American business under the name Amrize on June 23, 2025. The simultaneous listings are set to occur on the SIX Swiss Exchange in Zurich and the New York Stock Exchange (NYSE).
Background and Approvals
Holcim shareholders have approved the spin-off of Amrize with a significant 99.75 percent majority. As part of this restructuring, shareholders will receive one Amrize share for each Holcim share, characterized by tax-neutral treatment for Swiss tax purposes. Additionally, the U.S. Securities and Exchange Commission SEC has approved the registration statement (Form 10) for Amrize.
Market and Investor Impacts
- Market Impact: The IPO of Amrize could bring significant market changes as it opens up great potential for a reevaluation of the construction materials sector.
- Investors in the German-speaking region: With the listing on the SIX Swiss Exchange, investors in the German-speaking region have the opportunity to invest directly in Holcim’s North American business.
- Tax Aspects: For Swiss and U.S. investors, the tax regulations surrounding the IPO offer clear advantages.
Leverage Products and Speculations
Amrize’s IPO evokes interest among speculative investors looking to speculate on price dynamics via leverage products. Such financial products provide the opportunity to participate disproportionately in price movements.
Conclusion
The IPO of Amrize on June 23, 2025, represents a crucial step for Holcim to establish itself in North America. The tax benefits and investment opportunities could particularly appeal to investors from the German-speaking area.