(Tiper Stock Exchange) – RES – Sustainable Ethical Recovery registered a positive debut on Euronext Growth Milan, with the shares above 4.3 euro (+8% compared to the placement price). The company from Molise deals with the entire waste management process with a sustainable approach: from selection to treatment and transformation, functional to the regeneration, recycling and reuse of waste as production raw materials.
RES represents the ninth admission since the beginning of the year on the Borsa Italiana market dedicated to small and medium-sized enterprises and brings the number of companies currently listed on Euronext Growth Milan to 197.
In the placement phase, it has harvest 10.8 million euros, for one capitalization of listed shares equal to approximately 42.8 million euro (there are also some unlisted Price Adjustment Shares).
“Our company is pleased to announce an important step forward in its entrepreneurial history, which it aims to ensure the sustainable development of our businessfollowing the long tradition that began way back in 1989″, commented theAD Antonio Lucio Valerio.
“The decision to list us represents a key step to consolidate and accelerate our business model based on circularity, environmental protection and care of the Molise area, and demonstrates our desire to continue to be a cutting-edge and constantly evolving company”, he added.
(Photo: © Moreno Soppelsa | 123RF)