Ariston Group lists on Euronext Milan

• Fifth IPO of 2021 on Euronext Milan
• Ariston Group brings the total number of companies listed on Euronext Milan to 234
• The company raised €915 million

Milan – 26 November 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Ariston Group on its listing on Euronext Milan.

Ariston Group is a global leader in renewable and high efficiency solutions for hot water and space heating, components and burners.

Ariston Group represents the fifth listing since the beginning of the year on Euronext Milan and it brings the total number of firms currently listed on Euronext Milan to 234.

In the placement phase, Ariston Group raised €802 million, excluding the potential exercise of an over-allotment option. In the case of full exercise of the over-allotment option, the total amount raised will be €915 million. The implicit valuation indicated by the company, taking into account the various categories of shares, is €3.375 billion.

Paolo Merloni, Executive Chairman of Ariston Group, said: "Today’s listing is an important step for Ariston Group, which capitalises on more than 90 years of history. It is an endorsement of the constant effort, professionalism and passion of our people, which made this achievement possible. The high quality of long-only investors is a testament to the attractiveness of Ariston Group’s mission – sustainable comfort for everyone – and the critical role that the sector, and Ariston, could play in the energy transition. As a listed company, we believe we will be able to fully capitalise on growth opportunities, continuing to complement our strong organic growth with value-accretive acquisitions. Our objective is to continue to be a preeminent global provider of sustainable comfort solutions in hot water and heating, with renewed ambition post IPO."

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