Defence Tech Holding admitted on Euronext Growth Milan

Equita assisted Defence Tech

Milan, 27 October 2021 – Defence Tech Holding – holding company of a group positioned among the leaders in the cyber security, big data, intelligence, defence and civil infrastructures industries in Italy – will debut next October 29th, 2021, on the Euronext Growth Milan, the segment of Borsa Italiana dedicated to dynamic and competitive SMEs.

The IPO process – addressed to qualified and institutional investors, both Italian and foreign – involved the placement of no. 7,142,857 ordinary. The offering, 100% primary, was priced Euro 3.50 per share and the total proceeds amounted to Euro 25 million.

More than 80 institutional investors participated to the process and the offering was oversubscribed by more than 5 times. At its debut, market capitalisation of Defence Tech Holding will set to around Euro 89 million and the float will be around 28% of the share capital.

Equita assisted the company as Global Coordinator and as Euronext Growth Advisor. The admission – executed successfully thanks to the close collaboration of our Global Financing team and the trading floor of Equita – is the first IPO on Euronext Growth Milan after the rebrand of the segment (formerly AIM Italia). The Defence Tech’s IPO follows other recent capital markets transactions where Equita acted with senior roles, including the IPOs of REVO and ALA – Advanced Logistic for Aerospace, and the placements of senior unsecured notes of Alerion Clean Power, FNM, WIIT, Italian Wine Brand, Newlat Food and WeBuild.

Headquartered in Rome, Defence Tech is an Italian excellence developing proprietary products and providing high added value services for the Defence and Civil Infrastructures industries, serving both Corporate and Government customers. Defence Tech, through its know-how, designs and certifies systems that manage classified information and operates in the Cyber Security sector to protect critical infrastructures.