FAE Technology S.p.A. lists on Euronext Growth Milan
Nov 11 2022 - 11:00
· 18th listing of 2022 on Euronext Growth Milan
· FAE Technology S.p.A. brings the total number of companies listed on Euronext Growth Milan to 184
· Total placement volume of the offering equal to €5 million
Milan – 11 November 2022 – Borsa Italiana, part of the Euronext Group, today congratulates FAE Technology S.p.A. on its listing on Euronext Growth Milan.
FAE Technology S.p.A., an Italian benefit corporation, specialises in design, development, industrial engineering, prototyping, and in providing solutions to the integrated electronics sector. The company, through a range of dedicated and integrated assets, enables rapid electronic innovation.
FAE Technology S.p.A. represents the 18th 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 184.
In the placement phase, FAE Technology S.p.A. raised €4.5 million. In the case of the full exercise of the over-allotment option, the total amount raised will be €5 million. The free float at the time of admission was 20% and the market capitalisation at IPO was €22.5 million.
Gianmarco Lanza, CEO of FAE Technology S.p.A., said: “We have achieved this key milestone for our company having grown strongly for many years on the electronics market. We are proud of our listing on Euronext Growth Milan. It is however not the end goal, but rather a new beginning for our organisation and our workforce and opens up exciting new opportunities. The capital raised in fact boosts and speeds up our work and investment in technology, R&D and know-how. We are focused not only on expanding our production capacity, but also on providing the best possible solutions to our customers and partners in enabling electronic technology”.
Download pdf here