Eligo S.p.A. lists on Euronext Growth Milan Professional Segment

Milan – 28 December 2022 – Borsa Italiana, part of the Euronext Group, today congratulates Eligo S.p.A. on its listing on the Professional Segment of Euronext Growth Milan.

Eligo S.p.A. is a fashion tech company offering a service of personal styling by supporting the user in its purchase decisions within a marketplace fully dedicated to Made-in-Italy excellences.

The company has developed an innovative sales channel combining traditional online shopping methods with a human touch, through a carefully selected community of personal stylists.

Eligo S.p.A. represents the 25th 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 189.

The market capitalisation at IPO of Eligo S.p.A. was €13.9 million.

Naomi Kohashi, CEO of Eligo S.p.A., said: “The listing on Borsa Italiana represents the evolution of our growth path which aims to expand the business model by applying it to different vertical sectors, such as beauty, home and lifestyle. Using our platform E.L.S.A. we aim to detect independent and niche Italian brands, offering greater commercial strength to present itself through new digital marketing channels thanks to our technological skills to compete on new global platforms. Indeed, E.L.S.A. is synonymous of innovation in the fashion sector, able to transform the online shopping experience and the sales activities, guaranteeing connection and scalability of the business model. More specifically, the listing process will strengthen our brand and that of the Made in Italy brands, increase international development, further develop the digital proprietary platform and expand the community of personal stylists”.