Medica S.p.A. lists on Euronext Growth Milan
Nov 03 2021 - 10:40- Twenty-sixth listing of 2021 on Euronext Growth Milan
- Medica S.p.A. brings the total number of companies listed on Euronext Growth Milan to 157
- Total placement volume of the offering equal to €22.9 million
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Milan – 3 November 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Medica S.p.A. on its listing on Euronext Growth Milan.
Medica S.p.A. operates in the biomedical sector. The company’s core business is the development of innovative products for blood purification.
Medica S.p.A. represents the twenty-sixth listing since the beginning of the year on Borsa Italiana’s market dedicated to small and medium sized companies and it brings the total number of firms currently listed on Euronext Growth Milan to 157.
In the placement phase, Medica S.p.A. raised €20.2 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 €22.9 million. The free float at the time of admission was 17.7% and the market capitalisation at IPO was €114.0 million.
Luciano Fecondini, Chairman and CEO of Medica S.p.A., said:
"We are certainly proud of the results of the IPO process. Thanks to the listing, we will have the resources to carry on with innovative projects of significant size, and to accelerate our growth through focused and synergistic acquisitions. We also welcome the presence of international investors among new shareholders, in line with our international footprint. Listing on Euronext Growth Milan is a first step towards the achievement of an ambitious, long-term vision, being aware of our growth potential both in the medical and water purification fields."Download pdf here