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The 26 newly listed come from eight regions: Lombardy (46%), Veneto (19%), Lazio (12%), Liguria (8%), Campania (4%), Piedmont (4%), Sicily (4%) and Tuscany (4%)
Lambiase: “We estimate market growth in 2023 also thanks to the Ipo bonus for SMEs extended by the Meloni government in the financial law”
The Euronext Growth Milan (formerly Aim) market continues to grow. With 26 IPOs, the list dedicated to dynamic and competitive small and medium-sized companies closes 2022 with a positive balance of +16 companies, which brings the total number of listed companies to 190 (+9% compared to 174 as of December 31, 2021). In the words of Anna Lambiase, CEO of Ir Top Consulting and scientific director of the Egm SME Observatory, a figure confirms “the trend that has always characterized Egm since its inception in 2009.” And this stands in sharp contrast to the main Euronext Milan list, which greets the year with 224 listed companies compared to 232 as of December 31, 2021.
“Despite the national context characterized by a generalized decline in equity performance, Egm confirmed its resilience by bringing to the coffers of the 26 IPOs and equity capital raising from private institutional investors amounting to 899 million euros,” Lambiase recounts. “The size of the list dedicated to SMEs consolidates, recording a total turnover in 2021 of €7 billion (up 33 percent from €5.3 billion in 2020) and a total number of employees of 27.6 thousand (up 27 percent from 21.7 thousand in 2020), representing a strong driver for employment and economic growth.”
Ipo, Lambiase: “Positive about 2023”
“The development of the capital market dedicated to SMEs represents a crucial challenge for the future of the Italian economy and the competitiveness of our companies,” Lambiase continued. Confirming how the outlook for 2023 remains “positive also thanks to the tax breaks on listing costs extended by the Meloni government in the 2023 Finance Act with an allocation of 10 million euros and a maximum bonus amount of 500,000 euros for each SME.”
The sketch of the 26 SMEs that have landed on the stock exchange
Landing on Euronext Growth Milan was Altea green power (which raised 5 million euros), Technoprobe (712.5 million), Rocket sharing company (4 million), Farmacosmo (22.3 million), Befire (10 million), Redelfi (3.5 million), High-quality food (2.9 million), Bellini Nautica (3.6 million), Laboratorio farmaceutico Erfo (3.5 million), Solid world group (5 million), G.M. Leather (3.9 million), Pozzi Milano (2 million), Imprendiroma (6 million), Energy (30 million), Siav (5 million), Yolo Group (10 million), Franchetti (2.5 million), Fae technology (5 million), Erredue (22, 5 million), Eprcomunicazione (3 million), Saccheria Franceschetti (1.8 million), E-Novia (1.8 million), Impianti (1.8 million), Magis (16 million), Eligo (0.4 million), and finally Dotstay (2.2 million).
The sector analysis sees technology prevailing with 7 IPOs (27 percent), an industry with 6 IPOs (23 percent), and fashion and luxury and services (both with 3 IPOs, 12 percent). In contrast, funding is concentrated in technology (747.4 million or 83 percent of total funding), industry (46.4 million or 5 percent), and energy and renewable energy (35 million or 4 percent). As for geographical distribution, the 26 newly listed companies come from eight regions: Lombardy (46 percent of the listings), Veneto (19 percent), Lazio (12 percent), Liguria (8 percent), Campania (4 percent), Piedmont (4 percent), Sicily (4 percent) and Tuscany (4 percent); in terms of collection, Lombardy (767.9 million or 85 percent), Veneto (46.5 million or 5 percent) and Liguria (26 million or 3 percent) are on the podium.
