Sababa Security S.p.A. lists on Euronext Growth Milan

Dec 17 2021 - 10:26

  • 37th listing of 2021 on Euronext Growth Milan
  • Sababa Security S.p.A. brings the total number of companies listed on Euronext Growth Milan to 168
  • Total placement volume of the offering equal to €9.0 million

Milan – 17 December 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Sababa Security S.p.A. on its listing on Euronext Growth Milan.

Sababa Security S.p.A. is a leading Italian cybersecurity provider, with a significant suite of strategic products and services, not only for the security of corporate IT environments but also for the automotive sector, industrial cybersecurity, government institutions and law enforcement.

Sababa Security S.p.A. represents the 37th 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 168.

In the placement phase, Sababa Security S.p.A. raised €8.0 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 €9.0 million. The free float at the time of admission was 29.8% and the market capitalisation at IPO was €26.9 million.

Alessio Aceti, Founder and CEO of Sababa Security, said: "The listing on Euronext Growth Milan represents a historic day and a moment of great satisfaction for me personally and for Sababa Security. It is the result of a total commitment that has involved our whole team, an important company achievement that we want to consider as a new starting point that will allow us to face our development projects in a stronger way and with greater visibility at national and international level. We have a lot of ideas to put in place and a team that works with passion, skill and determination".

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