(Finance) – Excellent debut for Next Geosolutions Europe on the Euronext Growth Milan market, where it recorded a strong gain of 9.6% to 6.85 euros per share after an initial suspension due to excessive upside.
NextGeo, a company active internationally in the field of marine geosciences and offshore construction support services, particularly for the energy sector, closed its IPO with the placement of 9.2 million sharesof which 8 million new issues resulting from the capital increase, with corresponding fixed at 6.25 euros.
“We are very satisfied with the listing process. Not an easy path, especially at the beginning, but we are very happy because the book has been full for a few weeks already and we had a glut of requestovercoming more than twice the book“, commented the CEO Giovanni Ranieri, admitting that such a great success was not expected. “We were optimistic – specified the manager – but we didn’t expect such an important harvest”.
“I believe that the company has interested investors: it operates in a very particular market, in very strong growth – explained Ranieri – our positioning is very important and we are growing in this sector; we are protagonists of the Energy Transition, which is now an element very important in our current affairs, and we work a lot in renewables; we are an international company and this has made many investors interested in the project”.
About theoutlook for the second half of the year, the CEO stated “we have a hard-backlog for 2024 robustwe will overcome the 200 million turnover on contracts already signed, we have an overall backlog with coverage up to 2026-2027 of over 400 million. We therefore confirm the results we predicted at the beginning of the year.”
Attilio IevoliChairman of the Board of Directors of NextGeo spoke about “a long journey born in 2004” from the meeting with Giovanni Ranieri, in which the idea of ”developing a different company was born, a company based on new technologies, not only on naval units” and from the belief that “the way to grow exponentially was to be forward, not remaining tied only to the traditional sector, but trying to move forward and be able to settle among the ‘leading companies’ in a specialized sector“.
“This was possible by combining the skills and 110 years of history of Marnavi at sea” continued the President, who is also CEO of Marnavi Group. “I started going on ships as a child – he added – just as Vanni Ranieri developed his knowledge in the field of Geoscience at university. Together with his team, together with our crews, we managed to achieve this achievement. company is lean – asset light – a company that thanks to its structure manages to be less vulnerable to market trends”.
“This IPO has put us in a position to develop faster, in step with market needs. They were all pre-established objectives, we could certainly have achieved them with our own strength, but the IPO was a speed-up for us to be able to achieve the achievements in the right time that will enable us to maintain our market position and improve it”, concluded the President.