(Telestock) – SYS-DATa company active in the ICT sector, has started trading today on the Euronext STAR Milan market. This is the ninth admission to the markets of Borsa Italiana of the twenty-fifth listing of 2024 on Euronext.
The shares of the Italian operator that offers innovative IT services and solutions for the main industrial segments and services market, opened trading at a price of 3.70 euros per share (approximately 9% higher than the offering price), reached a maximum of 3.85 euros and closed at 3.65 euros (approximately 7% higher than the offering price).
The first day of trading was characterised by a continued demand from investorswho have shown considerable interest and appreciation towards the Company.
At the end of today’s session, the capitalization of SYS-DAT amounted to approximately Euro 111 million.
Matteo Neuroni, CEO of SYS-DATcommented: “We are very satisfied with the intense IPO process that has led us to this important milestone of the first day of trading, following a demand of over three and a half times the basic offer with an excellent quality book that includes domestic and international investors of primary standing. Given the solidity of the group and the growth of the last three years, we were confident of being able to obtain positive feedback from the market, confirmed by the great interest from investors. The capital we have raised will help us to provide new impetus and new resources to the company. to finance our growth strategy both organically and in terms of M&A. We aim to continue the natural path that led us to the listing, increasingly establishing ourselves as a reference player on the software production market in Italy and beyond. The ICT sector has significant margins for improvement and today we confirm that we are ready to fully exploit its potential”.