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Revo S.p.A. lists on AIM Italia

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  • Revo S.p.A raises €220 million with listing
  • Tenth admission of 2021 on Borsa Italiana’s AIM Italia

Milan – 26 May 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Revo S.p.A. on its listing on Borsa Italiana’s AIM Italia.

Revo S.p.A. is a Special Purpose Acquisition company (SPAC) that is active in the insurance sector, specialty lines and parametric risk cover, oriented towards SMEs.

In the placement phase Revo S.p.A. raises €220 million.

Revo S.p.A. represents the tenth listing in 2021 on Borsa Italiana’s market dedicated to small and medium sized companies and it brings the total number of firms currently listed on AIM Italia to 144.

The listing brings the number of SPACs admitted to Euronext markets to 41, 30 of which on Borsa Italiana.

Revo S.p.A

Alberto Minali and Claudio Costamagna rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.

Revo S.p.A. REVO is a Special Purpose Acquisition Company (SPAC) founded by Alberto Minali, Claudio Costamagna, Stefano Semolini, Simone Lazzaro and Jacopo Tanaglia. REVO’s objective is to create a leading insurance company focused on specialty lines and parametric risk cover, primarily dedicated to SMEs. REVO aims to achieve a Business Combination with a P&C insurer in Europe which will enable REVO to start integrating a number of underwriters and MGAs in the specialty lines segment and developing the parametric business. REVO will have a lean structure and will employ cutting-edge technology to optimize and streamline both underwriting and claims management processes, including via the use of blockchain-based technology.

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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 close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 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.  
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