(Finance) – Italian Stock Exchange has admitted and simultaneously suspended for limited floating le ordinary shares issued by Bertolotti, a company specialized in the design and production of complex and cutting-edge systems for the handling of materials and the maintenance of rolling stock. The first session on Euronext Growth Milan – Professional Segment (EGM PRO) will be Thursday March 28.
As already emerged, the price offer of the shares was set at 4.70 euros per share, with a consequent capitalization Bertolotti’s post-money of approximately 14.4 million euros. The total amount of placement is approximately 291,400 thousand euros, with a free float equal to approximately 2% of the capital. The group has decided to undertake a process of gradual access to the market, evaluating subsequent collections in line with its industrial ambitions and growth path.
Over the last year, the company has moved from the early closure of the composition with creditors to listing on EGM PRO, also thanks to the issue of a bond in March 2023 and a fruitful collaboration with institutions. In the same period of time the backlog it rose from around 45 million euros to around 70 million euros. The Production value it has almost doubled in the last two financial years (approximately 35 million euros expected by the end of 2023).
The listing was edited by illimity Bankwho acted as Euronext Growth Advisor (EGA) and of Global Coordinator as part of the admissions process. The Bertolotti operation represents the tenth IPO on EGM (Euronext Growth Milan) carried out by illimity’s Investment Banking Division since the start of its operations.