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Frendy Energy today lists on Aim Italia - Mercato Alternativo del Capitale, Borsa Italiana’s market dedicated to SMEs. Frendy Energy is headquartered in Florence with assets in energy production derived from hydroelectric sources. The company was set up in 2006 to develop a mini-hydro electricity business in Italy.
The company successfully raised €2,730,000 giving it a market capitalization of €17, 745,000 and a post listing free-float of 29.77 per cent.
Integrae SIM S.p.A. is acting as the company’s Nomad.
Barbara Lunghi, Borsa Italiana’s Head of Small & Mid Caps said: "We are delighted that Frendy Energy has selected Aim Italia- Mercato Alternativo del Capitale as a venue to grow and gain access to capital. The listing has been a success in terms of capital raised and the number and diversity of investors. This means that even in difficult market conditions, this success shows that fast-growing companies with a strong business model are rewarded investors."
Aim Italia- Mercato Alternativo del Capitale was created in January 2012 with the objective to simplify access to capital for SMEs. A balanced and appropriate regulation regime is in place, ensuring good governance from companies and the protection of investors.
