(Tiper Stock Exchange) – Maggiolia group from Romagna that deals with innovation and the development of products and services for the Public Administration, professionals and companies, has set the fork for the quotation of its ordinary shares on Euronext Growth Milan (EGM), the segment of Piazza Affari dedicated to SMEs with high growth potential. The price range was set between a minimum of 13.20 and a maximum of 15.50 euro per share, corresponding to a pre-money equity value of between 290 million and 341 million euro and a post-money equity value between 377 million and 443 million euros.
It is expected that theoffer includes: a maximum of 6,600,000 shares to be offered for subscription deriving from the capital increase (the actual number will be determined close to the close of the placement); and a maximum of 2,800,000 shares put up for sale by the shareholder Pacri (holding controlled by the Maggioli family). Furthermore, the granting of agreenshoe option in favor of the Joint Global Coordinators for the purchase of 900,000 shares, equal to approximately 10% of the shares involved in the placement.
There collection expected is between 136 and 159.7 million euro, assuming full exercise of the greenshoe option. In detail: between 87.1 and 102.3 million euros in capital increase; between 48.8 and 57.4 million euro for the part sold (including greenshoe, whose value is between 11.9 and 14 million euro).
Assuming the full placement of the shares subject to the offer and the full exercise of the greenshoe option, the floating will be equal to approximately 36% of the share capital.
Admission is now scheduled for 11 July 2023 (instead of the earlier assumed date of 3 July), with thestart of negotiations in the following days, that is by the middle of the month.