Take Off S.p.A. lists on Euronext Growth Milan

Nov 25 2021 - 10:05

  • 32nd listing of 2021 on Euronext Growth Milan
  • Take Off S.p.A. brings the total number of companies listed on Euronext Growth Milan to 163
  • Total placement volume of the offering equal to €12.5 million

Milan – 25 November 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Take Off S.p.A. on its listing on Euronext Growth Milan.

Take Off S.p.A. is a retailer of fashion clothing and accessories for adults and children throughout Italy with 143 stores, of which 26 are managed directly, and 117 are managed through affiliation agreements.

Take Off S.p.A. represents the 32nd 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 163.

In the placement phase, Take Off S.p.A. raised €12.5 million. The free float at the time of admission was 20% and the market capitalisation at IPO was €62.5 million.

Aldo Piccarreta, Chairman and CEO of Take Off, said: "The access to the capital market is an important step for our company, achieved through the expertise and dedication of our team. Listing on Borsa Italiana, also thanks to the more than positive appreciation of the national and international financial community, will allow us to further develop our business and settle ourselves more and more throughout Italy, creating value for all our stakeholders."

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