(Tiper Stock Exchange) – Ecomembranea Cremona-based company active in the design and construction of gas storage and containment systems for the production of green energy, has successfully concluded the stock offering functional for listing on Euronext Growth Milan (EGM), the Borsa Italiana market dedicated to SMEs with high growth potential.
The placement concerned 1,758,800 shares, of which 1,294,117 ordinary shares deriving from a capital increase, 235,294 ordinary shares put up for sale by Lorenzo Spedini and 229,389 ordinary shares subject to the overallotment option, for an total value equal to about 15 million euros.
The price of ordinary shares was set at 8.50 euro per share, at the lower limit of the previously identified range, corresponding to a market capitalization post capital increase of 36.5 million euro. On April 20, the company presented the communication of admission to trading with the aim of debuting by the end of April.
“We are very satisfied with the interest and attention towards the company received both from Italian investors, but in particular from international operators of high standing”, commented the CEO and founder Lorenzo Spedini.
“The listing on the Stock Exchange is an important step for Ecomembrane, thinking about the development and acceleration of the growth plan already underway, which focuses in particular on investments in new plants and machinery, on increasing production capacity and the sales force in the United States and Northern Europe, and on international expansion to increase the recognition of the company in its specific market niche”, he added.
As part of the Private Equity Partners offering is Financial advisor, EQUITA SIM acts as Euronext Growth Advisor and Global Coordinator.
(Photo: © Antonio Truzzi | 123RF)