The Italian Sea Group lists on MTA

• Third IPO of 2021 on Borsa Italiana’s Main Market
• The Italian Sea Group S.p.A. brings the total number of companies listed on Borsa Italiana’s Main Market to 240
• Total placement volume of the offering equal to about €97 million

Milan – 8 June 2021 – Borsa Italiana, part of the Euronext Group, congratulates The Italian Sea Group S.p.A. on its listing on Borsa Italiana’s Main Market (MTA) today.

The Italian Sea Group S.p.A. is one of the global operators in the luxury yachting industry, active in the construction and refit of motor and sailing yachts of up to 100 metres.

In the placement phase, The Italian Sea Group S.p.A. raised €88.2 million, excluding the potential exercise of an over-allotment option. In case of full exercise of the over-allotment option, the total amount raised will be €97 million. The free float at the time of admission was 22.5% and the market capitalisation at IPO €260 million.

Giovanni Costantino, The Italian Sea Group S.p.A. Founder & CEO, said: "The objective we reached by entering Borsa Italiana makes me extremely proud, and is a testament of our constant effort, professionalism, and passion. Despite the dreadful pandemic, we have pursued our goal obtaining great results, confirming the soundness of our business model and of the growing appreciation from all the industry operators of the high-end quality of our yachts and the sophistication of the services offered. All of this has been possible thanks to the dedication of The Italian Sea Group Team, who constantly work to create even more unique and innovative "jewels". We are proud that the financial community has valued our essence, which has always been defined by the ability to offer a holistic Italian luxury experience, made of quality, attention to detail, design, and art, characteristics which represent our DNA."

Giovanni Costantino, The Italian Sea Group S.p.A. Founder & CEO, rang the bell during the market opening ceremony this morning to celebrate the Initial Public Offering of the company.

Download the pdf here