Adventure Lists on Euronext Growth Milan, Raising €4 Million in IPO

Adventure Lists on Euronext Growth Milan, Raising €4 Million in IPO

(IN BRIEF) Adventure, a digital communications company specializing in price comparison for utilities and insurance, has successfully listed on Euronext Growth Milan, raising €4 million and achieving a market capitalisation of €14 million. This marks the 15th listing on Euronext Growth Milan and the 33rd on Euronext in 2024. CEO Silvana Cozza highlighted the company’s ambitious plans for growth, emphasizing the role of artificial intelligence and innovation.

(PRESS RELEASE) MILAN, 9-Aug-2024 — /EuropaWire/ — Borsa Italiana, a member of the Euronext Group, proudly announces the listing of Adventure on Euronext Growth Milan. Adventure, a prominent digital communications company, has raised €4 million in its initial public offering (IPO), achieving a market capitalisation of €14 million.

Adventure is renowned for its innovative digital technologies and solutions. The company owns and operates ameconviene.it, a leading price comparison website in Italy for gas, power, phone, and insurance rates. This platform is distinguished by its unique method of collecting qualified contacts and conducting in-depth analyses of Italian consumer needs.

This listing marks the 15th new addition to Euronext Growth Milan in 2024 and the 33rd on Euronext overall this year. At the time of admission, Adventure’s free float stands at 28.57%.

Silvana Cozza, CEO of Adventure, expressed her excitement: “This is a significant and prestigious milestone for Adventure. Ringing the bell at Borsa Italiana was an unforgettable moment for me as an entrepreneur, manager, and proud citizen of Italy. We have ambitious plans to expand, driven by artificial intelligence, innovation, and new technologies.”

Key Facts:

• 15th listing on Euronext Growth Milan in 2024
• 33rd listing on Euronext in 2024
• €4 million raised during the placement phase
• Market capitalisation at IPO: €14 million
• Free float at admission: 28.57%

About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.5 trillion in market capitalisation as of end June 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.
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SOURCE: Euronext N.V.