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

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  • 38th listing of 2021 on Euronext Growth Milan
  • Estrima S.p.A. brings the total number of companies listed on Euronext Growth Milan to 169
  • Total placement volume of the offering equal to €15.0 million

Milan – 20 December 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Estrima S.p.A. on its listing on Euronext Growth Milan.

Estrima S.p.A. is an Italian player active in the electric micro-mobility sector that carries out R&D, design, production and marketing of vehicles under the Birò brand, the smallest, 100% electric, four-wheeled vehicle in the world.

Estrima S.p.A. represents the 38th 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 169.

In the placement phase, Estrima S.p.A. raised €15.0 million.

Matteo Maestri, Chairman of Estrima S.p.A., said: “Every time someone tells us that Birò has improved their life, it gives us the energy to continue growing. Today, thanks to everyone who believes in our company, we will be able to increase the number of satisfied customers, reduce traffic in our cities, and use less energy to get around. I want to thank all those who helped us in growing our company by working, buying, investing and believing in it."

Estrima Bell Ringing

Caption: Matteo Maestri, Chairman of Estrima Sp.A., rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.

About Estrima S.p.A.

Estrima is an Italian player active in the electric micro-mobility sector that carries out R&D, design, production and marketing of vehicles under the Birò brand, the smallest, 100% electric, four-wheeled vehicle in the world. In 2021 Estrima acquired the entire share capital of Brieda and Sharbie and, indirectly, of UPooling, thus becoming an articulated group able to pursue a strategy of business expansion in the world of Mobility as a Service and, in particular, of rental and sharing, with the opening of new market opportunities for Birò brand vehicles. Finally, the group includes Birò France S.a.s., 66.6% owned by Estrima, which distributes Birò vehicles in France.

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.5 trillion in market capitalisation as of end June 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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