There are 300 Italian companies that entered the stock market from 2012 to 2021 (63 on the main list and 237 on EGM, formerly AIM Italia). If we look at the operating performance of these companies, we observe an increase in the turnover both before and after the listing; the average value of the CAGR of revenues over the period is + 12.0% for the main price list, + 23.3% for EGM. This is highlighted by a research carried out by Intermonte and Politecnico di Milano.
As regards the market performance, over the ten years there is an absolute positive return on average both for the main price list (reaching + 31.7% after 3 years) and for EGM (+ 20.0%). Net of the market index yield, it should be noted that the MTA / EXM ‘freshmen’ over the next 3 years yield on average 22.6% more, while those of the unregulated list achieve a differential yield of +6 ,2%.