42nd listing of 2021 on Euronext Growth Milan
Integrated System Credit Consulting Fintech brings the total number of companies listed on Euronext Growth Milan to 173
Total placement volume of the offering equal to €16.0 million
Integrated System Credit Consulting Fintech represents the 42nd 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 173.
In the placement phase, Integrated System Credit Consulting Fintech raised €14.5 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 €16.0 million. The free float at the time of admission was 22.48% and the market capitalisation at IPO was €64.5 million.
Gianluca De Carlo, CEO of Integrated System Credit Consulting Fintech, said: “ISCC Fintech's listing today on Euronext Growth Milan is an important step in the growth of our company, which aims to become an established point of reference in the Italian NPL market, particularly in the so-called ‘granular’ credit sector. I believe that the market has responded well to our mission, which is to approach credit management with the awareness that we are dealing with people, families and businesses, not just debtors. Special thanks go to those who believed in this exciting challenge, namely the high-profile investors who decided to bet on our business model, as well as to the entire ISCC Fintech team of professionals, and finally to our advisors who led us through the listing process. Starting from tomorrow, we will continue on our path with even greater enthusiasm, investing further in technology and people, in the awareness, as our President reminds us, that credit management can also help families and businesses so that they can once again be players in the world of credit.”
Caption: Gianluca De Carlo, CEO of Integrated System Credit Consulting Fintech, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
Integrated System Credit Consulting FintechIntegrated System Credit Consulting Fintech, established in December 2019, is a company specialised in the analysis and purchase of granular non-performing loans (so-called NPL) portfolios. It also operates in the management and recovery of such credits (so-called "Credit Management" activity), in the management of credit recovery out of court (through phone collection and home collection actions) and in judicial recovery through the subsidiary Lawyers StA.
The thirty years of operation in the loans sector through the “Cession of the Fifth” regime and through the rich database on customers defined as “bad customers”, allows ISCC Fintech to be able to operate in this market in a timely manner, thanks to the in-depth knowledge of this specific category of debtors.