(Finance) – The Board of Directors of digital valuea company listed on Euronext Growth Milan (EGM) and active in the sector of IT solutions and services, has approved the launch of the project for admission to listing on Euronext Milanthe main list of Borsa Italiana.
Digital Value, which was listed on EGM (formerly AIM Italia) in November 2018 thanks to the cloud SPAC operation promoted by Simone Strocchi’s Electa, closed 2022 with consolidated revenues of 706.9 million euros (up by 18.3% compared to the previous year) and today capitalizes around 680 million euro, resulting in the third largest company by capitalization on EGM.
The translisting operation is aimed at allowing the company to benefit from a greater liquidity of its securities and visibility by the market and institutional investors. At the same time, the transition to the regulated market will strengthen relations with its strategic partners, as well as allow for involve additional institutional investors with a view to progressively enhancing the Digital Value group, its brand and its competitive positioning.
The project will be submitted to the approval of the next assembly of shareholders scheduled for April 5, 2023 on first call and April 6, 2023 on second call
The company supports the project for the admission of its securities to the Euronext Milan regulated market will be joined from Banca Intesa, Equita SIMBDO Italia, PWC Business Services, GattiPavesiBianchiLudovici, Baker&McKenzie and Clifford Chance.