Tenth listing of 2022 on Euronext Growth Milan
SolidWorld Group S.p.A. brings the total number of companies listed on Euronext Growth Milan to 180
Total placement volume of the offering equal to €6.5 million
Milan – 6 July 2022 – Borsa Italiana, part of the Euronext Group, today congratulates SolidWorld Group S.p.A. on its listing on Euronext Growth Milan.
SolidWorld Group S.p.A. is a leader in the development and integration of the most modern and complete 3D digital technologies, in software and hardware, within manufacturing companies to support and accelerate their transformation towards Factory 4.0.
SolidWorld Group S.p.A. represents the tenth 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 180.
In the placement phase, SolidWorld Group S.p.A. raised €6 million excluding the potential exercise of an over-allotment option. In the case of the full exercise of the over-allotment option, the total amount raised will be €6.5 million. The free float at the time of admission was 27.32% and the market capitalisation at IPO was €16.5 million.
Roberto Rizzo, Chairman and CEO of SolidWorld Group S.p.A. said: “We are very proud of the welcome our debut on Euronext Growth Milan has received from the financial community and from Borsa Italiana. We have worked so hard to achieve this listing, which is not the end of a journey but a fundamental step in our development and growth. It is the result of the commitment of all the SolidWorld Group team, who I thank for their great work. The interest shown by investors demonstrates the strength of our vision and our industrial project. Over the last 20 years we have worked to support the transformation of traditional businesses into digital companies through the integration of 3D digital technology into their production and production processes. We are convinced that this is the path that will enable excellent Italian companies to successfully challenge the competition globally. The listing allows us to access the necessary resources to accomplish our growth projects and consolidate our reputation both in the domestic and foreign markets. In particular, we will focus on the acquisition of synergistic companies in order to extend our value chain, also considering M&A operations; and we will continue our process of internationalisation, which has already begun with the opening of a branch in Dubai. Finally, we will grow in new sectors, such as the biomedical sector, aiming to strengthen our leadership in the production of hardware and software solutions for Industry 4.0. In this way, we can be a unique, reliable and efficient partner to our customers throughout the whole of the digital transformation process.”
Caption: Roberto Rizzo, Chairman and CEO of SolidWorld Group S.p.A., rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
About SolidWorld Group S.p.A. SolidWorld Group S.p.A. is the parent company of a group of 11 companies founded in the early 2000s by engineer Roberto Rizzo. It is a leader in the development and integration of the most modern and complete 3D digital technologies, in software and hardware, within manufacturing companies to support and accelerate their transformation towards Factory 4.0. Thanks to SolidWorld all the production phases of a product, up to the sale and its recycling, are integrated thanks to technologies that make the production process faster, more sustainable and efficient. SolidWorld Group operates through 14 offices and 3 technological centres, has over 150 employees and more than 8,000 client companies. In 2021, SolidWorld Group recorded a production value of approximately €58 million (consolidated data as at 31 December 2021), up by 16% compared to 2020. Since 6 July 2022, the company has been listed on the Euronext Growth Milan segment of the Italian Stock Exchange with ticker S3D.solidworld.it.