Franchetti S.p.A. lists on Euronext Growth Milan

Sep 29 2022 - 09:00
• 17th listing of 2022 on Euronext Growth Milan

• Franchetti S.p.A. brings the total number of companies listed on Euronext Growth Milan to 183

Total placement volume of the offering equal to €2.5 million

Milan – 29 September 2022 – Borsa Italiana, part of the Euronext Group, today congratulates Franchetti S.p.A. on its listing on Euronext Growth Milan.

Franchetti S.p.A  is owner of  the Franchetti Group, a pioneer in the industry of management, diagnostics and predictive maintenance of infrastructure, particularly bridges and viaducts. Founded in 2013, Franchetti is an innovative SME that has carried out operations on over 38,000 equivalent motorway and railway bridges worldwide.

Franchetti S.p.A. represents the 17th 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 183.

In the placement phase, Franchetti S.p.A. raised €2.2 million. In the case of the full exercise of the over-allotment option, the total amount raised will be €2.5 million. 

Paolo Franchetti, Chairman and CEO of Franchetti S.p.A., said: “The IPO is an important step forward in supporting the growth of the company. We bring a new approach and cutting-edge solutions to the urgent demand for sustainability, safety and resilience of essential infrastructure such as bridges, roads and viaducts. The qualified investors who have placed their trust in us have understood this and know that they will be able to seize the wave of reconstruction and maintenance of the infrastructure that connects the territory in many advanced countries. In Italy alone, there are estimated to be 150,000 bridges in need of monitoring and maintenance. Our proprietary solutions, based on artificial intelligence and predictive data analysis, allow users to quickly and safely estimate the life cycle of infrastructure, plan the type of intervention and the timing, ensuring a more efficient and sustainable allocation of resources. The capital raised through the IPO  will allow us to invest in research,  development and skills. We intend to grow, also through external lines, in Italy and abroad, for example in countries such as Brazil and North America, where we are already operating and where we intend to seize the vast potential for development”.

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