Intercos Group lists on Euronext Milan

Nov 02 2021 - 11:00

  • Fifth listing of 2021 on Euronext Milan
  • Intercos Group brings the total number of companies listed on Euronext Milan to 234
  • Total placement volume of the offering equal to €350 million

Milan – 2 November 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Intercors Group on its listing on Euronext Milan.

Intercors Group is one of the main global business-to-business operators in the creation, production and marketing of cosmetic products. Intercos targets major national and international brands, as well as emerging brands, and retailers active in the cosmetics and beauty industries.

Intercors Group represents the fifth listing since the beginning of the year on Euronext Milan and it brings the total number of firms currently listed on Euronext Milan to 234.

In the placement phase, Intercors Group raised €318 million, excluding the potential exercise of an over-allotment option. In the case of full exercise of the over-allotment option, the total amount raised will be €350 million. The free float at the time of admission was 26.5% and the market capitalisation at IPO was €1.197 million.

Dario Ferrari, Founder and President of Intercos Group, said:

"On the eve of the 50-year anniversary of the Group’s foundation, the listing represents another important step and demonstrates our constant commitment, competence and passion, making us extremely proud. Intercos has successfully addressed the challenges and changes of the last two years, achieving solid results thanks to our clear strategy, whose key strengths have always been innovation, global presence and sustainability. We are very satisfied with how the financial community has welcomed us since it fully understood our business model. All this has been possible thanks to the efforts of our extraordinary Team, which, with its visionary approach, creates every day unique products capable of predicting trends and of best representing clients’ preferences. Thanks to the listing, we will keep pursuing our growth and development targets and we are ready to face the new challenges ahead of us".

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