Nice Footwear S.p.A. lists on Euronext Growth Milan

Nov 18 2021 - 11:11

  • 30th listing of 2021 on Euronext Growth Milan
  • Nice Footwear S.p.A. brings the total number of companies listed on Euronext Growth Milan to 161
  • Total placement volume of the offering equal to €5.5 million

Milan – 18 November 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Nice Footwear S.p.A. on its listing on Euronext Growth Milan.

Nice Footwear S.p.A. is specialised in the development, production and marketing of sport shoes with its own brands, under licence and on behalf of third parties.

Nice Footwear S.p.A. represents the 30th 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 161.

In the placement phase, Nice Footwear S.p.A. raised €5 million excluding the potential exercise of an over-allotment option. In the case of the full exercise of the over-allotment option, the total amount raised will be €5.5 million. The free float at the time of admission was 25.0% and the market capitalisation at IPO was €20.0 million.

Bruno Conterno, CEO of Nice Footwear S.p.A., said: "Today is a historic day for Nice Footwear. The first day of trading of the shares on Euronext Growth Milan marks the beginning of a new path and extraordinary opportunities for the Group. The listing represents a strategic tool to implement our business model and support growth through some acquisitions. Our goal is to create an Italian pole of excellence in the design and production of Made in Riviera del Brenta sneakers. In order to succeed in this artisan process evolution, the resources of the IPO will be precious as they will allow us to support craftsmanship with technology, digitalisation and sustainability, characteristics that have always distinguished Nice Footwear. In recent weeks, while talking about what we have done and where we intend to go, we have met highly interested people who have shown great appreciation for the company and I am proud of it. We live in a challenging and, at the same time, exciting time for our sector, with rapid changes, more than in any other historical moment. If we have come this far it is thanks to the work and passion of the whole Nice Footwear team, of all the partners and advisors who have supported us along this path and of the investors who believe in our project. We want to achieve new and important results in the coming years, to create value for all our stakeholders."

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