Bellini Nautica S.p.A. lists on Euronext Growth Milan

Jun 15 2022 - 10:20
• Eighth listing of 2022 on Euronext Growth Milan 
• Bellini Nautica S.p.A. brings the total number of companies listed on Euronext Growth Milan to 178 
• Total placement volume of the offering equal to €3.8 million 

Milan – 15 June 2022 – Borsa Italiana, part of the Euronext Group, today congratulates Bellini Nautica S.p.A. on its listing on Euronext Growth Milan. 

Bellini Nautica S.p.A. operates in the luxury boating sector and specialises in trading boats, restoring and trading "Vintage Riva" as well as offering storage and port services. 

Bellini Nautica S.p.A. represents the eighth 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 178. 

In the placement phase, Bellini Nautica S.p.A. raised €3.5 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 €3.8 million. The free float at the time of admission was 21.21% and the market capitalisation at IPO was €16.5 million. 

Battista Bellini, CEO of Bellini Nautica S.p.A., said: “Listing today is an important step in our journey and we don’t see it as a finish line. From now on we’ll have the opportunity to use the resources raised through investor into solid and sustainable growth in the medium to long term. Since the establishment of the company, over 50 years ago, first by my grandfather then, by our father Romano Bellini, we have worked with passion and dedication to the three pillars that support the value of our company: aesthetic research, craftsmanship and customer satisfaction. These three elements combined with art on one hand and strategy on the other, accompany us on our path of growth and development further enhanced by the listing on Euronext Growth Milan.Our payoff has always been ‘Don't be jealous if we love your boat more than you do’; this philosophy shared with a wider audience will drive us to improve our ability to serve the customer by accelerating development with increased marginality”

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