Fifth listing of 2021 on Euronext Milan
Intercos Group brings the total number of companies listed on Euronext Milan to 234
Total placement volume of the offering equal to €350 million
Milan – 2 November 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Intercos Group on its listing on Euronext Milan.
Intercos Group is one of the main global business-to-business operators in the creation, production and marketing of cosmetic products. Intercos targets major national and international brands, as well as emerging brands, and retailers active in the cosmetics and beauty industries.
Intercos Group represents the fifth listing since the beginning of the year on Euronext Milan and it brings the total number of firms currently listed on Euronext Milan to 234.
In the placement phase, Intercos Group raised €318 million, excluding the potential exercise of an over-allotment option. In the case of full exercise of the over-allotment option, the total amount raised will be €350 million. The free float at the time of admission was 26.5% and the market capitalisation at IPO was €1,197 million.
Dario Ferrari, Founder and President of Intercos Group, said: “On the eve of the 50-year anniversary of the Group’s foundation, the listing represents another important step and demonstrates our constant commitment, competence and passion, making us extremely proud. Intercos has successfully addressed the challenges and changes of the last two years, achieving solid results thanks to our clear strategy, whose key strengths have always been innovation, global presence and sustainability. We are very satisfied with how the financial community has welcomed us since it fully understood our business model. All this has been possible thanks to the efforts of our extraordinary Team, which, with its visionary approach, creates every day unique products capable of predicting trends and of best representing clients’ preferences. Thanks to the listing, we will keep pursuing our growth and development targets and we are ready to face the new challenges ahead of us”.
Dario Ferrari, Founder and President Intercos Group, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
About Intercos Group Intercos is one of the main global business-to-business operators in the creation, production and marketing of cosmetics, skincare products and hair & body treatments. Intercos targets major national and international brands, as well as emerging brands, and retailers active in the cosmetics and beauty industries. Founded in 1972 by Dario Ferrari, Intercos— which counts among its major customers the main players of the cosmetic industry— can count on a staff of about 5,200 employees, 11 research centres, 15 production plants and 15 sales offices located on three continents. For almost 50 years, Intercos has been interpreting beauty, creating cosmetic products and positioning itself as a trend setter capable of predicting, anticipating and influencing new trends in the world of cosmetics, thus satisfying the requests of all types of customers with products for all price ranges.