(Finance) – FAE Technologya Bergamo-based company that operates in the design, prototyping, planning and production of solutions for the integrated electronics sector, closed first day of trading on Euronext Growth Milan with a 3.3% rise. The stock ended the day at a price of 1.55 euros, compared to a placement price set at 1.5 euros per share, which would have given it a capitalization of 22.5 million euros (around 23 million euros if exercise of the Greenshoe option). The demand received at the placement price was approximately 1.3 times the offer.
After opening at € 1.68 per share, and falling to € 1.47 per share, the stock strengthened at the close to close at € 1.55. The countervalue of the first day in Piazza Affari was 784,756.20 euros, i contracts concluded 210 and the shares changed hands 514,000.
FAE Technology represents the eighteenth admission since the beginning of the year on the Borsa Italiana market dedicated to small and medium-sized enterprises and brings the number of companies currently listed on Euronext Growth Milan (formerly AIM Italia) to 184.
“We have grown significantly from an organic point of view in recent years and we need to combine this with potential external growth – he told Finance. Gianmarco Lanza, Chairman and Chief Executive Officer – The company has reached the degree of maturity and solidity for which an extraordinary operation such as the opening of the capital was appropriate “.