#Netherlands #Amsterdam #Euronext Amsterdam #SWI Capital #Stoneweg Icona

SWI Capital Holding Lists on Euronext Amsterdam

On February 19, 2026, SWI Capital Holding Ltd. (known as SWI), the parent company of the Stoneweg Icona Group, took a significant step in its growth trajectory by listing its shares on the Euronext Amsterdam under the ticker symbol "SWICH." This public offering includes a total of 430,561,189 existing shares, priced at an initial €3.76 each, which corresponds to a market capitalization of €1.619 billion.

Key Management and Corporate Structure

The leadership team behind SWI comprises industry veterans like Max-Hervé George, the founder and CEO of SWI Group, and Jaume Sabater, the CEO of Stoneweg. With their extensive expertise, they steer the company to maximize its investment strategies across various sectors. At the close of 2025, SWI Group's proforma balance sheet stood at a substantial €3.2 billion, reinforcing its financial stability before this public listing.

Simultaneously, SWI appointed a new Board of Directors, with Arnaud de Puyfontaine stepping in as the Non-Executive Director and Chairman, marking a new chapter for the company’s governance.

Global Presence and Investment Verticals

SWI Group boasts a dynamic global presence with over 280 employees spread across 26 offices in 18 countries. Their strategy focuses on long-term holdings that encompass diverse sectors including digital infrastructure, real estate, financial institutions, hedge funds, and alternative investments like sports, entertainment, and fintech.

Stoneweg, the real estate arm of SWI Group, is notably robust in the European market, holding a portfolio of more than 300 properties. Their investment strategy covers prime opportunities across the UK, Switzerland, and Maldives, with significant assets in the US and Europe as well.

Within the digital infrastructure domain, SWI has made substantial investments through AiOnX in developing and managing data center assets. This area is positioned as a strategic growth engine for SWI, aiming to create sustainable income-generating infrastructure that supports the group’s evolving needs.

SWI Group is also behind two publicly listed entities—SERT on the Singapore Stock Exchange and Varia US on the Zurich SIX Stock Exchange—illustrating its diverse investment approaches and market engagements.

Commitment to Innovation and Growth

Through its subsidiary, Icona Capital, SWI enhances its capabilities in the financial services sector, forging relationships with banks and fintech companies to navigate the dynamic financial landscape. Icona Capital's strategies include collaboration with various alternative asset managers to optimize investment outcomes in hedge funds and private credit markets.

In addition, the company is fervently working to expand its entertainment division, investing in businesses like Icona Racing and the Never Say Never sports agency. Such ventures indicate the group's ambition to continually diversify its portfolio and enhance its market presence.

Leadership Remarks

Max-Hervé George, the CEO of SWI, expressed his enthusiasm over the listing, stating, "The listing of SWI Capital Holding on Euronext Amsterdam marks a defining milestone for our Group. It reflects the strength of our platform and our long-term vision." Jaume Sabater echoed this sentiment, recognizing the listing as a pivotal moment that underscores their commitment to scaling operations and enhancing shareholder value.

Future Prospects

Moreover, as detailed in their recently released prospectus, SWI has plans to acquire a minority interest in various digital infrastructure businesses, with ongoing negotiations to purchase an additional significant stake. This aligns with the company's strategy to continually innovate and adapt within the tech-driven landscape, although completion of these transactions remains contingent on regulatory approvals.

As SWI Capital embarks on this new journey post-listing, the market anticipates how this dynamic entity will reshape its investment strategies and adapt to ongoing global challenges. The company is clearly on a promising path to establish itself as a leader in the investment landscape.