Racing Force S.p.A. lists on Euronext Growth Milan

Nov 16 2021 - 10:35

  • Twenty-ninth listing of 2021 on Euronext Growth Milan
  • Racing Force S.p.A. brings the total number of companies listed on Euronext Growth Milan to 160
  • Total placement volume of the offering equal to €31.2 million

Milan – 16 November 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Racing Force S.p.A. on its listing on Euronext Growth Milan.

Racing Force S.p.A. is one of the global leaders in the field of motorsport safety equipment and has a wide range of products ranging from helmets, suits, gloves and shoes to seats, seatbelts, rollbars, steering wheels, fire extinguishers and communication systems.

Racing Force S.p.A. represents the twenty-ninth 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 160.

In the placement phase, Racing Force S.p.A. raised €28.3 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 €31.2 million. The free float at the time of admission was 27.45% and the market capitalisation at IPO was €106.9 million.

Paolo Delprato, Chairman and CEO of Racing Force Group, said:

"The debut on Euronext Growth Milan represents a milestone on a path that has its roots in the history of this Group. Racing Force has proven over time to be an innovative, international, solid company ready to seize market opportunities, acquiring and integrating historic motorsport companies and making the most out of synergies between brands. The listing will allow us to accelerate our growth plans, which are focused on the diversification and integration of the business at an international level and on product and process innovation, fully exploiting our technological know-how. This milestone has been achieved thanks to the expertise and dedication of all the members of the Racing Force family, who best represent the spirit and values of our Group. We are proud that the financial community has appreciated our reality and our vision, giving confidence to a project that we hope will bring excellent results in the coming years."

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