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8th listing of 2023 on Euronext Growth Milan
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Ecomembrane S.p.A. brings the total number of companies listed on Euronext Growth Milan to 197
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17th listing on Euronext in 2023
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Total placement volume of the offering equal to €15 million
Milan – 28 April 2023 – Borsa Italiana, part of the Euronext Group, today congratulates Ecomembrane S.p.A. on its listing on Euronext Growth Milan.
Ecomembrane S.p.A. is active in the renewable energy and biogas sector, with offices and production units in Italy and the USA. The company specialises in the design, production and commercialisation of components for biogas and biomethane production plants and systems for storing gases such as biogas, methane, CO2, and hydrogen.
Ecomembrane 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 197.
In the placement phase, Ecomembrane S.p.A. raised €13 million. In the case of the full exercise of the over-allotment option, the total amount raised will be €15 million. The free float at the time of admission was 35.6% and the market capitalisation at IPO was €36.5 million.
Lorenzo Spedini, CEO of Ecomembrane S.p.A., said: “We are aware that the stock market represents a dynamic and highly competitive environment, but we are ready to face this challenge with confidence and determination, knowing that we can count on the strength of our team and the excellence of our products and services. In these twenty years of business, we have established a solid reputation in the industry, earning the trust of our clients and the admiration of our competitors. The IPO on Borsa Italiana will enable us to further consolidate our positioning and expand our presence in international markets, thus accelerating our growth and development path, while giving us new resources to further invest in innovation and technology to successfully face the challenges of the future.”
Caption Lorenzo Spedini, CEO of Ecomembrane S.p.A., rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
About Ecomembrane S.p.A. Ecomembrane S.p.A., based in Gadesco Pieve Delmona (Cremona, Italy) and North Little Rock (Arkansas, USA), has been in the renewable energy and biogas sector since 2000 and is led by Founder and CEO Lorenzo Spedini. Ecomembrane calls itself among the founding fathers of membrane gasholders of the modern era and specialises in the production of gasholders, gasholder domes for anaerobic digestors, anti-emission covers using PVC-coated polyester fibre fabric membranes, and every component of products necessary for biogas combustion and power generation. With 9 patents in the field, the company designs, manufactures, markets and installs components for biogas and biomethane production plants and systems for storing gases such as biogas, methane, CO2, hydrogen. Currently, the company employs 40 employees and has a commercial presence on all continents and in 40 countries, with offices and production units in Italy and the USA. More than 1,000 products are installed and tested worldwide, from Minnesota (USA) to South Korea, Italy, Turkey and Malaysia. The sales network is followed directly by Ecomembrane personnel for the Italian and American markets, while for the rest of the world it relies on an extensive network of distributors.