GT Talent Group Raises €1.5 Million in IPO, Debuts on Euronext Growth Milan with €5.2 Million Market Cap

GT Talent Group Raises €1.5 Million in IPO, Debuts on Euronext Growth Milan with €5.2 Million Market Cap

(IN BRIEF) GT Talent Group, a sports entertainment company specializing in supercar driving experiences and motorsport talent shows, has successfully listed on Euronext Growth Milan. This marks the 16th listing on the Milan market and the 36th on Euronext this year. The company raised €1.5 million in its IPO, with a market capitalization of €5.2 million and a free float of 27.38%. CEO Mimmo Saracino thanked the team for their efforts, calling the listing a new beginning for future growth.

(PRESS RELEASE) MILAN, 20-Sep-2024 — /EuropaWire/ — Borsa Italiana, a member of the Euronext Group, has extended its congratulations to GT Talent Group for its successful debut on Euronext Growth Milan.

The listing marks a notable step for GT Talent Group, an innovative small and medium-sized enterprise (SME) that operates within the sports entertainment industry. Through its subsidiaries—CarSchoolBox, known for providing supercar driving experiences on race tracks, and Scuderia Gentile, the producer of the motorsport talent show GT Talent – Your Dream Race—the company has carved out a unique position in the market.

This listing stands as the 16th company to debut on Euronext Growth Milan in 2024, contributing to a total of 36 listings on Euronext across Europe this year.

During its placement phase, GT Talent Group successfully raised €1.5 million, with a market capitalisation of €5.2 million at the time of its IPO. The company’s free float at the time of admission reached 27.38%.

Mimmo Saracino, CEO and Chairman of GT Talent Group, shared his gratitude for the team’s effort, stating, “I am immensely grateful to our remarkable team, particularly the administrative staff, for their unwavering dedication throughout the listing process. I also extend my heartfelt thanks to our advisors for their professionalism and expertise. This milestone is not the end but rather a new beginning, as we continue to explore growth opportunities and tackle the challenges that lie ahead.”

GT Talent Group’s successful listing underscores the growing presence of SMEs in the European market, reflecting the company’s readiness to embrace future ventures in the dynamic field of sports entertainment.

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SOURCE: Euronext