Equita assisted Racing Force with its admission on Euronext Growth Milan

Equita assisted Racing Force

Milan, 15 November 2021 – Racing Force – one of the global leaders in the field of motorsport safety equipment – announced the final results of the institutional placement. The latter has been successfully completed with a final offer price of Euro 4.5 per share. Total proceeds amounted to Euro 31 million (including the over-allotment option).

The final order book was truly international and more than 6 times oversubscribed, with allocations highly concentrated and skewed towards long-only accounts.

Racing Force will debut with Euro 107 million market cap. Free float amounts to 29%, including the over-allotment option.

Equita assisted Racing Force as Sole Global Coordinator, Sole Bookrunner, Euronext Growth Advisor and Specialist. The IPO, completed successfully, thanks to the close collaboration between the Global Financing team and the trading floor of Equita, is the first listing worldwide in the motorsport safety equipment niche and the second-largest IPO on Euronext Growth Milan in 2021 (excluding SPACs).

Thanks to this transaction, Equita further improves its role of leading ECM franchise in Italy. The Group recently assisted several issuers, including Defence Tech, REVO, and ALA (Advanced Logistic for Aerospace) with their IPOs and OVS, Alerion Clean Power, FNM, WIIT, Italian Wine Brand, Newlat Food, and Webuild with their bond placements.

Racing Force Group is one of the global leaders in motorsport safety equipment. It has a wide range of products, from helmets, suits, gloves, and shoes to seats, seat belts, roll bars, steering wheels, fire extinguishers, and communication systems. All products of the Group are marketed under OMP, Bell Helmets, ZeroNoise, and Racing Spirit brands. The Group has the best and most complete range of safety products for Motorsport, used by professional drivers and teams from all over the world, from F1 to the World Rally, Karting, and Rally-Raid Championship. In the last 10 years, the Group has won more than 60 FIA World Championship titles with its products. The 50 years of experience in the market have allowed Racing Force Group to establish long-standing relationships with the leading players (drivers, teams, FIA) and develop products considered among the most reliable by both professional and amateur drivers and crew.