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EQUITA leads European investment banks in number of IPOs completed in the first half of 2023

Milan, July 4th, 2023

EQUITA, the leading Italian independent investment bank, completed five IPOs on the Italian Stock Exchange in the first six months of 2023, more than any other financial institution in Europe. 

The Investment Banking team and the Trading Floor of EQUITA assisted Lottomatica Group, Ferretti Group, Italian Design Brands, Gentili Mosconi and Ecomembrane with their initial public offerings, raising more than €1 billion on Equity Capital Markets, amid a challenging market environment. 

These five IPOs demonstrate EQUITA’s ability to successfully price a wide range of transactions, assisting clients on a 360° basis with different size offerings (from €15 million to €600 million), market caps (from €50 million small caps to €2.2 billion large caps), and in different sectors (luxury, consumer & fashion, gaming, industrial) and markets (Euronext Milan and Euronext Growth Milan).

EQUITA contributed to the success of these IPOs with significant innovations in the processes managed by the team, which were aimed at reducing execution risks in an uncertain financial market backdrop, in terms of engagement with investors, as well as in terms of process and timing.

In addition to IPOs, in the first half of 2023 EQUITA also completed several Equity Capital Markets transactions, including 3 accelerated bookbuildings, 2 translistings and 1 rights issue, confirming its role as leading ECM franchise in the domestic market. 

The result achieved underscores the ability of EQUITA to successfully price the offerings of its clients, especially in a difficult moment for IPOs like the first half of 2023, where issuers have only offered globally c. $60 billion of shares, the least for the past six years.  

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EQUITA leads European investment banks in number of IPOs completed in the first half of 2023