Saccheria F.lli Franceschetti S.p.A. lists on Euronext Growth Milan

Milan – 15 December 2022 – Borsa Italiana, part of the Euronext Group, today congratulates Saccheria F.lli Franceschetti S.p.A. on its listing on Euronext Growth Milan.

Saccheria F.lli Franceschetti S.p.A. is an Italian company active in the textile sector and operating in the Italian market for polypropylene raffia packaging such as high-quality heavy-duty bags, sacks (‘Big Bags’) and canvas containers. The company is able to provide customers with a level of extreme precision, speed and customisation of products through constant research, which also allows the fabric to be adapted to different applications.

Saccheria F.lli Franceschetti S.p.A. represents the 21st 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 185.

In the placement phase, Saccheria F.lli Franceschetti S.p.A. raised €1.8 million. In the case of the full exercise of the over-allotment option, the total amount raised will be €2 million. The free float at the time of admission was 16.59% and the market capitalisation at IPO was €10.9 million.

Luigi Wilmo Franceschetti, Chairman of Saccheria F.lli Franceschetti S.p.A., said: “We are already leader in Italy in the Big Bags sector, and we aim to also become number one in Europe, using our recipe for success: innovation, not only by investing in processing and product development, but also by investing in people, the real capital of Saccheria Franceschetti”.

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