Intermonte, ready for landing on the AIM with a capitalization of up to 105 million

Intermonte Partners Sim, the controlling holding of Intermonte Sim, is approaching the stock market listing. The debut is expected on Aim Italia, the segment dedicated to small and medium-sized enterprises with high growth potential, where up to 42.8% of the shares in circulation will be placed, at a price between 2.60 and 2.90 euros per action.

This is what the company announced today in a note. The pre-admission notice was presented to Borsa Italiana today and the bookbuilding is scheduled for tomorrow 6 October. The IPO will be dedicated only to institutional investors while the roadshow will start tomorrow.

In detail, 13,750,000 ordinary shares will be offered by over 60 Intermonte shareholders. That number includes the greenshoe. The debut on the list will presumably take place at the end of the roadshow.

The price range gives the group a total capitalization of 83.6-93.2 million. Including treasury shares, the capitalization could reach up to 105 million.

The top management and the founding shareholders will sign a shareholders’ agreement, which provides for a 36-month lock-up from the start date of trading, on approximately 24% of the shares in circulation.

Intermonte, reads the note, “intends to seize all the opportunities offered by Aim Italia to make the capital structure more flexible, to make the most of its successful partnership model, to support further growth on the market also for external lines , in particular in the segment of digital channels and in Investment Banking, and to attract new talents, also through shareholding mechanisms ».

“The IPO is an important step in the evolution of our partnership model that allows us to strengthen our positioning as a leading reference operator in the SME segment, and accelerate business development, particularly in digital services and Investment Banking. , also for external lines – declared Guglielmo Manetti, CEO of Intermonte -. The more flexible capital structure will increase the commitment of the partners and will favor the attraction of new skills and talents essential to continue our growth path “.