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11th listing of 2024 on Euronext Growth Milan
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29th listing on Euronext in 2024
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The company raised €30 million and the market capitalisation at IPO is €160.7 million
Borsa Italiana, part of the Euronext Group, today congratulates I.CO.P. on its listing on Euronext Growth Milan.
Founded in 1920 by the Petrucco family, I.CO.P. is an underground engineering company active nationally and internationally in the fields of special foundations, micro-tunnelling and maritime works.
I.CO.P.’s listing represents the 11th listing this year on Euronext Growth Milan, Borsa Italiana’s market for small and medium-sized companies, and it is Euronext’s 29th listing of this year.
In the placement phase, I.CO.P. raised €27 million, exckydubg the potential exercise of the over-allotment option. In the case of full exercise of the over-allotment option, the total amount raised will be €30 million.
The free float at the time of admission is 16.82% (18.33% assuming full exercise of the over-allotment option), and the market capitalisation at IPO is €160.7 million.
Piero Petrucco, CEO of I.CO.P., said: “Today is a very important day in the history of our company and for the entire team that has worked and believed in this project. The excellent response from the market and investors is a recognition of the Group's work and our ability to develop cutting-edge technologies applied to highly complex projects that are fundamental to the development of critical infrastructures and the energy transition. The listing will help to improve processes, accelerating our competitive advantage in terms of technological innovation, sustainability and value creation for our stakeholders”.
Giacomo Petrucco, Investor Relator of I.CO.P., said: ”This capital increase operation is essential to seize new growth opportunities, while maintaining the solidity and reliability of I.CO.P.. In order to accelerate our development plans, we begin a new course of growth within the market, with an open and transparent dialogue”.
Caption: Piero Petrucco, CEO of I.CO.P. and Giacomo Petrucco, Investor Relator of I.CO.P., rang the bell during the market opening ceremony this morning to celebrate the company’s listing.
