OVS floats on Borsa Italiana’s main marketMar 02 2015 - 13:00
- Company raises €414 million
- Second debut of the year on MTA
Today, Borsa Italiana welcomes OVS to its main market. The clothing designer, manufacturer and distributor raised €414 million at IPO, with a market capitalisation of €930.7 million.
Banca IMI is the sponsor and responsible for the placement, whilst also acting as global coordinator, along with BofA Merrill Lynch, Goldman Sachs, and Unicredit.
Raffaele Jerusalmi, CEO Borsa Italiana, commented:
“OVS is an Italian success story: a company which was able to modernize and become a pioneer in the Italian fast-fashion market. Access to equity capital through its listing on Borsa Italiana, will allow OVS to accelerate its ambitious projects and permit it to continue to expand.”
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