De Nora lists on Euronext and joins the Euronext Tech Leaders segment

Jun 30 2022 - 12:13
• De Nora joins the Euronext Tech Leaders segment, dedicated to European leading and high-growth Tech companies
• Total placement volume of the offering equal to €545 million

Milan – 30 June 2022 – Euronext today congratulates De Nora, an Italian multinational company specialising in electrochemistry, a leading player in sustainable technologies, and the emerging green hydrogen industry, on its listing on the regulated market in Milan.

In the placement phase, De Nora raised €474 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 €545 million.

The implicit valuation indicated by the company, taking into account the different categories of shares, is €2.7 billion.

De Nora joins the Euronext Tech Leaders segment launched in June 2022 by Euronext with the support of its strong network of partners. The Euronext Tech Leaders European initiative includes several services, among which the creation of a segment gathering more than one hundred European companies listed on Euronext markets, the upcoming launch of an index made up of the stocks in this segment, a range of services for the visibility and promotion of Euronext Tech Leaders companies to international investors, the creation of a community of Tech Leaders through the integration of a C-level Club and the organisation of the Euronext Tech Leaders Campus, which aims to become the annual meeting venue of Tech companies in Europe.

The Euronext Tech Leaders initiative complements Euronext’s existing Tech offer, which includes an ecosystem of over 700 Tech companies listed on Euronext markets and over 660 alumni of its pre-IPO programmes such as TechShare, as well as a broad investor base to finance all growth types of Tech companies. With this initiative, Euronext aims to strengthen the European Tech sector and to be a catalyst of the next generation of Tech Leaders.

To learn more about the Euronext Tech Leaders initiative: Euronext Tech Leaders.

Paolo Dellachà, CEO of De Nora, said: “We are extremely satisfied to have completed the listing project on Euronext and we are glad to join Euronext Tech Leaders. This is a crucial step for the company that allows us to have important market visibility and seize all business opportunities to keep pursuing well-structured growth worldwide in the different areas in which we operate. Despite the complex moment we are experiencing, the Company has boldly confirmed, on the strength of its financial solidity and distinctive market positioning, that it will pursue the listing project and bring it to its completion with great success. We are, finally, pleased that a relatively large number of international investors have believed in us with a remarkable look of vision and foresight.”

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