This page is available in multiple languages
Select Language

Racing Force S.p.A. lists on Euronext Growth ParisMarket capitalisation of €97.6 million on the day of listing

Back

  • Market capitalisation of €97.6 million on the day of listing

Paris – 30 September 2022 – Euronext congratulates Racing Force S.p.A., the parent company of Racing Force Group, which specialises in the development, production and marketing of safety components for motor racing worldwide, on its listing on Euronext Growth Paris (Ticker code: ALRFG).

Racing Force S.p.A. is one of the global leaders in the field of motorsport safety equipment and  has a wide range of products ranging from helmets, suits, gloves and shoes to seats, seatbelts, rollbars, steering wheels, fire extinguishers and communication systems, sold under OMP, Bell Helmets, ZeroNoise and Racing Spirit brands. The listing of Racing Force S.p.A. on Euronext Growth Paris is a further step for the company in accelerating its future development plans, focusing on the diversification and integration of the company's business on the international stage, as well as on product and process innovation, through its strong technological know-how.

Racing Force Group S.p.A.’s listing on Euronext Growth Paris was completed through the admission to trading on 28 September 2022 of its 23,757,450 ordinary shares, through the direct listing procedure. The reference price was set at €4.11 per share. Market capitalisation was €97.6 million on the day of listing. Racing Force Group completed its dual-listing on Euronext Growth Paris as a complement to its current listing on Euronext Growth Milan.

Stéphane Cohen, Group Co-CEO, Racing Force S.p.A., said: "Racing Force is an international group, specialized in the development of safety equipment for motorsports with absolutely prestigious brands which have a very long history. The Group is growing strongly, and the listing on Euronext Growth Paris is a further step forward to affirm our international character and to support our development plans. We have embarked on an ambitious diversification program, exploiting our technical know-how to step into new market segments, as we recently did with our Formula1 helmets technology, which is the most sophisticated in the world in terms of safety and performance. This new milestone was achieved thanks to the strong engagement of all members of the Racing Force family, who best represent the spirit and values of our Group”.

 

Bell ceremony Racing Force S.p.A.

Caption: Paolo Delprato, Chairman and CEO of Racing Force S.p.A., rang the bell during a market open ceremony to celebrate the listing of the company on Euronext Paris.

 

CONTACTS media mediateam@euronext.com

Sarah Mound (Paris)

+33 1 70 48 24 45

parispressoffice@euronext.com

Contact Racing Force S.p.A.

Roberto Ferroggiaro

+39 01 09 65 01

ir@racingforce.com

         

 

About Racing Force S.p.A.

Racing Force Group is one of the global leaders in the field of motorsport safety equipment and has a wide range of products ranging from helmets, suits, gloves and shoes to seats, seatbelts, rollbars, steering wheels, fire extinguishers and communication systems. All products of the Group are marketed under OMP, Bell Helmets, ZeroNoise and Racing Spirit brands. The Group has the best and most complete range of safety products for Motorsport, used by professional drivers and teams from all over the world, from F1 to the World Rally, Karting and Rally-Raid Championship. In the last 10 years the Group has won more than 60 FIA World Championship titles with its products. The 50 years of experience in the market have allowed Racing Force Group to establish long-standing relationships with the main players (drivers, teams, FIA) and to develop products which are considered among the most reliable by both professional and amateur drivers and teams. Racing Force Group is located in three different continents: Ronco Scrivia and Pisa in Italy, Ghislenghien (Belgium), Sakhir (Kingdom of Bahrain), Miami, Indianapolis and Mooresville (USA) and counts more than 400 employees. Racing Force Group products are sold in 80 countries worldwide. For further information: https://ww.racingforce.com

Press Release Footer

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 close to 1,930 listed issuers and around €6.3 trillion in market capitalisation as of end December 2022, 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.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2023, Euronext N.V. - All rights reserved.