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Generalfinance S.p.A. lists on Euronext STAR Milan

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  • First listing of 2022 on Euronext STAR Milan
  • Generalfinance S.p.A. brings the total number of companies listed on Euronext STAR Milan to 74
  • Total placement volume of the offering equal to €38.9 million

Milan – 29 June 2022 – Borsa Italiana, part of the Euronext Group, today congratulates Generalfinance S.p.A. on its listing on Euronext STAR Milan.

Generalfinance S.p.A. is a supervised financial intermediary specialising in factoring, which guarantees rapid and customised interventions according to the different needs of its customers. Operating from its two offices in Milan and Biella with a team of over 60 professionals, Generalfinance is a leader in the field of factoring for distressed SMEs.

Generalfinance S.p.A. represents the first listing on Euronext STAR Milan in 2022, and brings the total number of firms currently listed on this segment to 74.

In the placement phase, Generalfinance S.p.A. raised €35.4 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 €38.9 million.

The free float at the time of admission was 33.7% (37.6% assuming the full exercise of the greenshoe option) and the market capitalisation at IPO was €91 million.

Massimo Gianolli, CEO of Generalfinance S.p.A, said: "I cannot hide my pride and excitement in reaching this milestone. The debut of Generalfinance on Euronext STAR Milan is another step along the impressive journey that Generalfinance has made since its inception, and takes place on the fortieth anniversary of the company’s founding. This is an important milestone that confirms the outstanding results achieved so far and, at the same time, opens a new chapter, taking the company on to new and ambitious horizons."

Generalfinance - Euronext STAR Milan

Caption: Massimo Gianolli, CEO of Generalfinance S.p.A, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.

Generalfinance S.p.A. Founded in 1982 and led for 30 years by Massimo Gianolli, Generalfinance is a supervised financial intermediary specialised in factoring, able to guarantee rapid and customised interventions according to the different needs of its customers. Operating from its two offices in Milan and Biella with a team of over 60 professionals, Generalfinance is a leader in the segment of factoring for financially distressed Small and Medium Enterprises (SMES).

 

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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 more than 1,900 listed issuers and around €7.1 trillion in market capitalisation as of end March 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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