Defence Tech on Euronext Growth Milan

Oct 29 2021 - 10:00
  • Twenty-fifth listing of 2021 on Euronext Growth Milan

  • Defence Tech brings the total number of companies listed on Euronext Growth Milan to 156

  • Total placement volume of the offering equal to €25 million

    Milan – 29 October 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Defence Tech on its listing on Euronext Growth Milan.

Defence Tech is an Italian centre of technological excellence and innovation, active in the field of Cyber Security, Technologies for Intelligence and Engineering & Control Systems.

Defence Tech represents the twenty-fifth listing since the beginning of the year on Borsa Italiana’s market dedicated to small and medium sized companies and it brings the total number of firms currently listed on Euronext Growth Milan to 156.

In the placement phase, Defence Tech raised €25 million. The free float at the time of admission was 28% and the market capitalisation at IPO was €89.4 million.

Emilio Gisondi, CEO of Defence Tech, said:

"We have reached an important milestone and we are extremely proud of the success we are experiencing with the financial community. The listing on Euronext Growth Milan represents not only the result of hard work over the years, but also the beginning of a new phase that will provide us with the energy, the support, and the strength needed to implement our business plan in the best way possible and to become a symbol of Italian excellence. Technological sovereignty, investor satisfaction and an all-Italian project: these are the challenges that await us and that we are prepared to face."

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