Rocket Sharing Company S.p.A. lists on EGM
Feb 28 2022 - 10:29- Third listing of 2022 on Euronext Growth Milan
- Rocket Sharing Company S.p.A. brings the total number of companies listed on Euronext Growth Milan to 177
- Total placement volume of the offering equal to €4 million
Borsa Italiana, part of the Euronext Group, today congratulates Rocket Sharing Company S.p.A. on its listing on Euronext Growth Milan.
Rocket Sharing Company S.p.A. is a start-up that has developed an innovative marketplace based on blockchain technology.
Rocket Sharing Company S.p.A. represents the third 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 177.
In the placement phase, Rocket Sharing Company S.p.A. raised €3.6 million excluding the potential exercise of an over-allotment option. In the case of the full exercise of the over-allotment option, the total amount raised will be €4 million.
The free float at the time of admission was 39.5% and the market capitalisation at IPO was €9.1 million.
Luigi Maisto, CEO and Founder of Rocket Sharing Company S.p.A., said: "We are proud to have undertaken a listing project that will allow the Company to grow and assert its business model, characterized by a high degree of innovation and scalability in a circular economy ecosystem. We have received positive feedback from Italian and foreign investors and the access to the stock market will allow us to support our strategy of development and internationalization, either internal with the improvement of the proprietary platform, Rocket Sharing, or external through a targeted M&A and partnership strategy."
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