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64th listing on Euronext in 2025
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The company raised €18 million
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Market capitalisation at IPO is €56.5 million
Euronext today congratulates Kaleon on its dual listing on Euronext Growth Milan and Euronext Growth Paris.
Kaleon is an Italian company founded by the Borromeo family in 1983, specialising in managing and enhancing major cultural and natural sites. Its innovative model separates management from ownership, enabling a fully professional approach. Key assets include iconic locations around Lake Maggiore, such as Isola Bella, Isola Madre, and Parco Pallavicino. With over 40 years of experience, 194 employees, and more than 1 million visitors in 2023, Kaleon is a leader in high-quality, sustainable cultural tourism, aiming to expand in Italy and abroad.
The listing of Kaleon represents Euronext’s 64th listing this year. In the placement phase, Kaleon raised €18 million (of which € 1.5 million coming from greenshoe option).
The free float at the time of admission is 29.2% (31.86% assuming the full exercise of the greenshoe option) and the market capitalisation at IPO amounts to €56.5 million.
Vitaliano Borromeo, Chairman of Kaleon, said: "Today we mark a new milestone in our journey: being the first to be simultaneously listed on the Milan and Paris markets demonstrates the strength of our project and our commitment to bringing a truly innovative model to the heart of Europe. With the same determination that has guided us for forty years, we will continue to enhance extraordinary cultural sites, generating value for local communities, fostering development, employment, and new local collaborations, and turning cultural heritage into a true engine of growth. The interest with which the market has welcomed us confirms how anticipated and widely shared this vision is."
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Vitaliano Borromeo, Chairman of Kaleon, Davide Molteni, CEO of Kaleon and Giberto Borromeo, Vice Chairman of Kaleon
