(Finance) – Debut with a bang for the company’s title Magis, a leading manufacturer of custom adhesive tapes and closure systems for disposable diapers and adult incontinence products. Today, 22 December 2022, trading of the company’s ordinary shares (ISIN IT0005525347) and warrants (ISIN IT0005525321) on Euronext Growth Milan (EGM), a multilateral trading system organized and managed by Borsa Italiana, began.
The stock closed today’s session at a price of Euro 10.794, up 7.94% on the placement price equal to Euro 10 per share. The volume traded during the day was 29,375 shares for a counter value of Euro 317,510.25.
Magis’ entry on the Italian Stock Exchange took place following the execution of an operation promoted by Electa Ventures, the Italian pioneer of SPAC and Pre-booking Company, through IPOC 6 and shared with IPO CLUB (closed-end fund of the Azimut Group dedicated to investments in pre IPO, launched in 2017 on an initiative shared by Azimut Libera Impresa with Electa itself), and KAIS Renaissance ELTIF (ELTIF fund managed by Kairos Partners SGR, of which Electa itself is a strategic partner for alternative operations) as co-cornerstone investor .
Through a confidential and tailor-made negotiation, Magis had access to capital and a price list thanks to the pre-book promoted by Electa Ventures which includes, in addition to the co-cornestone investors, a group of institutional and private investors of primary standing adhering to the placement regulated by CFO SIM.
(Photo: © Simona Flamigni | 123RF)