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S.I.F. Italia S.p.A. lists on Euronext Growth Milan


  • 36th listing of 2021 on Euronext Growth Milan
  • S.I.F. Italia S.p.A. is the 200th listing on Euronext markets in 2021
  • S.I.F. Italia S.p.A. brings the total number of companies listed on Euronext Growth Milan to 167
  • Total placement volume of the offering equal to €2.7 million

Milan – 16 December 2021 – Borsa Italiana, part of the Euronext Group, today congratulates S.I.F. Italia S.p.A. on its listing on Euronext Growth Milan.

S.I.F. Italia S.p.A. provides services for the management and administration of real estate complexes in Italy

S.I.F. Italia S.p.A. represents the 36th 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 167.

The company is the 200th  listing in 2021 on Euronext markets.

In the placement phase, S.I.F. Italia S.p.A. raised €2.7 million. The free float at the time of admission was 15% and the market capitalisation at IPO was €18.3 million.

Luca Reale Ruffino, Chairman and CEO of S.I.F. Italia S.p.A, said: “The listing of S.I.F. Italia S.p.A. represents a starting point after over 35 years of history in condominium management. It is a recognition of the professionalism, sacrifices, determination of all our employees, who have always lived with great modesty, and who have allowed the achievement of this goal. In addition, the interest of high profile investors is a reward to the first Italian reality in the condominium management sector. The listing will allow the growth and aggregation processes in a very significant way. The energy efficiency operations and the EU's orientation to limit the use of energy-intensive real estate units will be a further goal for green-oriented growth."

S.I.F. Italia S.p.A. - Listing Euronext Growth Milan

Caption: Luca Reale Ruffino, Chairman and CEO of S.I.F. Italia, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.

About S.I.F. Italia S.p.A. S.I.F. Italia S.p.A., leader of the Group SIF, is active in providing services for the management and administration of real estate complexes in Italy for the provision of services in the management and administration of real estate complexes in Italy. The listing on Borsa Italiana will allow S.I.F. Italia to consolidate its leading position in condominium  management and a greater penetration in the Property/Asset Management market. The listing on Borsa Italiana was managed by Finnat Bank Euroamerica S.p.A. as Euronext Growth Advisor Coordinator and Specialist; Crowe Bompiani S.p.A. as auditor; BDO Italia as finacial due diligence Advisor and Gianni&Origoni as Deal Legal Counsel.

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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 more than 1,900 listed issuers and around €6.5 trillion in market capitalisation as of end June 2023, 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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