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Borsa Italiana today welcomed Moleskine to STAR, the Italian market segment dedicated to midsize companies with the highest levels of transparency, corporate governance and free float offering.
Moleskine is an Italian group creating, producing, and distributing luxury stationery products such as their Writing, Travelling and Reading Collections.
The company successfully raised €269.1 million giving it a market capitalisation of €487.6 milion.
Raffaele Jerusalmi, CEO of Borsa Italiana, said:
“We are delighted to welcome Moleskine to the STAR segment of Borsa Italiana. The success of this IPO confirms the Borsa Italiana as international leaders in the luxury and lifestyle sector. A public quotation can help Moleskine achieve its growth aims an increase its profile with international investors”.
STAR is the market segment of Borsa Italiana’s equity market (MTA) dedicated to midsize companies with a capitalisation from €40 million to €1 billion euros with the highest levels of transparency, high liquidity (minimum 35% of free float), and corporate governance in line with international standards.
There are 67 companies listed on STAR today and representing more than 10 sectors of Made in Italy. The total capitalisation is about €15 billion and the average capitalisation per company is €217 million.
