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e-Novia goes towards listing: the company is admitted to trading on Euronext Growth Milan

The debut is scheduled for Friday 16 December in Piazza Affari.

The listing is getting closer and closer: e-Novia has been admitted to trading on Euronext Growth Milan. The green light from Borsa Italiana for the listing of e-Novia, an innovative SME active in the market of sustainable mobility and collaborative robotics, arrived today, 12 December.

The company has announced that it has received the provision for admission to trading of the ordinary shares on Euronext Growth Milan. The start of trading of the ordinary shares on EGM Pro is scheduled for Friday, December 16, 2022. The listing price of the ordinary shares on EGM Pro has been set by the board of directors at 7.20 euros for each ordinary share, an amount equal to the price subscription of the newly issued ordinary shares placed as part of the aforementioned private placement last November.

«e-Novia reaches this important goal after seven years in deep tech for sustainable mobility and collaborative robotics, in which it has developed solutions which, by integrating electronic and mechanical technologies with artificial intelligence, have given rise to new paradigms for the use of traditional products of mobility and robotics», says Vincenzo Russi, co-founder and CEO of the company, who continues: «Since its inception, e-Novia has paid great attention to the governance of the company. Therefore, not only engineering and technology, but management, finance, control, legal, administration and communication aimed at creating those indispensable tools to meet the requirements of the capital markets. In recent years e-Novia has raised financial resources in the form of risk capital and loans for a total of 64 million euros and 25 million euros respectively, to support growth plans based on large investments in the development of innovative technologies. These assets allow us to strengthen our position as a global player in deep tech».

The admission represents the culmination of Progetto Fare, the plan drawn up by e-Novia to raise the financial resources to support its growth and development strategies and open the Company to the capital market through listing.

The listing follows the private placement of ordinary shares (the so-called private placement), completed during the month of November 2022, which allowed e-Novia not only to raise risk capital for a total of 14.7 million euros, but also to expand its network of shareholders through the entry of selected primary financial and industrial players, with medium-long term investment horizons and, therefore, suitable for supporting the Group’s industrial strategies.

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Screenshot 2023-09-26 alle 11.52.56

26 September 2023

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