(Tiper Stock Exchange) – Dotstay is ready to land in Piazza Affari with a capitalization of approximately 9.52 million euros, after having collected 2.16 million euros through the issue of 573 thousand newly issued shares al price of 3.77 euros each, according to what can be read in the update of the pre-admission communication. The floating will be 26.33%. As already communicated, the provision for admission to trading is expected on 27 December 2022, while the start of trading on Euronext Growth Milan – Professional Segment is expected on 29 December 2022.
The listing operation is handled by EnVent Capital Markets (Euronext Growth Advisor and Global Coordinator). The company also has 548,657 multiple voting shares (3 votes for each share), not subject to admission to trading, owned by the CEO and founder Alessandro Adamo.
The company is active in Italy in the real estate sector such as relocation and property management operator for medium-long term leases. Established in 2013, it began operating in 2014, starting its business in the city of Milan, which was followed by an expansion phase in 2017 in new locations (Rome, Florence and Turin), which continued steadily until the downsizing took place during the pandemic period due to the drastic reduction of the properties managed and leased by the company.
Dotstay offers property owners property management services (such as, for example, the finding and selection of the tenant, check-in and check-out, the management of ordinary and extraordinary maintenance and reporting) of direct leasing of properties, then granted in sublease to users interested in the rent against moving to a new city (students and skilled workers).
In parallel, through its own online platform, provides users with the ability to search and rent propertiesselecting a limited number according to criteria indicated by the users themselves, and making available to them a local personal assistant named Angel for the visit of the identified apartments (Angel tour).
(Photo: © Luca Ponti | 123RF)