(Teleborsa) – In the first half of 2022, nine companies were listed on Euronext Growth Milan (EGM)bringing the total of companies listed on the segment of the Italian Stock Exchange dedicated to dynamic and competitive SMEs to 179. The media collection of IPOs was equal to 85.3 million euros, an increase of 250.9% compared to the average value recorded in the first six months of 2021, due to the listing of Technoprobe, which alone raised 712.5 million euros. This can be read in the EGM Focus H1 2022 created by BDO Italia, one of the main consulting and business auditing organizations.
The capital raised from new registrations at the IPO it reaches 768 million euros while, as regards the total market capitalization, it stands at 936.8 million euros at the time of the IPO and 1,063 million euros at 30 June 2022. The medium float of the 9 quotations is equal to 24.8% against 33.6% recorded in the first 6 months of 2021.
The new entrances brought the capitalization of the EGM price list as at 30 June 2022 to reach € 10.4 billion, an increase compared to the same period of the previous year, when it stood at € 8.1 billion.
There Lombardy the region with the largest number of companies that have decided to go public on the EGM is confirmed, with 5 out of 9 IPOs and with a capital raised equal to 733.7 million euros. To follow they are found Lazio, Piedmont, Campania and Sicily with an IPO each for a total of 34.3 million euros raised.
BDO also points out that, during the last 12 months, the EGM segment confirmed the lower riskiness compared to the other lists: its volatility in the period considered it is equal to 14.5% and is lower than that of the FTSE Italia All-Share segment, equal to 22.8%, also considering a time span of 3 and 5 years. In June 2022 the sub-fund Technology it represents 30% of the total capitalization of the EGM market, followed by the Industrials and Consumer Discretionary sectors, with a share of 24% and 14% respectively.
“Despite the strong elements of uncertainty that influence the global economic situation, even in the first six months of 2022 the EGM list has outperformed all Italian indices while maintaining lower volatility – comments Manuel Coppola, Partner Audit & Assurance BDO Italia – These performances, combined with the IPO pipelines, show a keen interest on the part of entrepreneurs in the listingwhich is proving to be an instrument capable of bridging the gap between the list dedicated to Italian SMEs and those of other European countries, with positive implications in terms of GDP and new jobs created “.CopyAMP code.
(Photo: © Luca Ponti | 123RF)