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

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  • 31st listing of 2021 on Euronext Growth Milan
  • Alfonsino S.p.A. brings the total number of companies listed on Euronext Growth Milan to 162
  • Total placement volume of the offering equal to €4 million

Milan – 22 November 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Alfonsino S.p.A. on its listing on Euronext Growth Milan.

Alfonsino S.p.A. is an innovative start-up specialising in food order & delivery service in small and medium-sized Italian centres.

Alfonsino S.p.A. represents the 31st 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 162.

In the placement phase, Alfonsino S.p.A. raised €4 million. The free float at the time of admission was 20.64% and the market capitalisation at IPO was €20.0 million.

Carmine Iodice, CEO of Alfonsino, said: “Today is an important day for Alfonsino. The listing on Euronext Growth Milan represents an important milestone, a goal for which we have worked with dedication and passion since the company was founded only five years ago. Thanks to the funds raised, we now want to accelerate company growth with the aim of establishing ourselves throughout the country – thanks also to the diversification of the services offered – and  increase the notoriety of our brand. A special thanks goes to the entire Alfonsino team, to the collaborators and customers who are our strength and who stimulate us to improve every day, to the advisors who accompanied us in the listing process and to the investors who have chosen to support our business.”

Alfonsiso bell ringing

Caption: Carmine Iodice, CEO of Alfonsino, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.

About Alfonsino S.p.A. Alfonsino, founded in 2016 in Caserta, is an innovative startup specialised in the food order & delivery service in small and medium-sized Italian centres (between 25,000 and 250,000 inhabitants). The service is active in 61 cities and neighbouring towns where the Company makes deliveries through a team of over 700 hired drivers. Alfonsino has integrated its offer with the order & delivery service for wines and spirits, food and basic necessities, drugs, sports products, plants and flowers. The Company intends to expand its service to new inhabited centres also with the "driver-less" service and consolidate its leadership position in the centres already manned, as well as continue to expand its offer through the inclusion of new products.

 

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