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.
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.