Initial Public Offering (IPO) Process
Family control is the distinctive element that constitutes the Italian entrepreneurial fabric.
Most of the AIM Italia companies were owned by families at the time of listing.
Do you lose control of your company with the listing?
No, to be listed on AIM Italia a limited share of free float (10%) is required.
The family continues to control the company in most cases and the average free float in IPO is 23%.
Can one manage one's own company without being influenced by third parties once listed?
Yes, the majority shareholders define the strategy, but you must inform the market in good time of the choices that may affect the stock.
Investors who specialise in investing in SMEs generally hold small units and have medium to long-term investment horizons.
Can small and medium-sized companies be listed?
Yes, the size of the turnover is not an admission requirement; the elements appreciated by investors are high growth rates, good profitability and a sustainable business plan in the medium to long term.
At the time of the IPO, 50% of the companies listed on AIM Italia have a turnover of less than 10 million euros.
The capitalization of companies listed on AIM Italia at the time of listing is between 10 and 100 million.
Can SMEs on the stock exchange attract foreign institutional investors?
Yes, you can easily access foreign channels and you can be the object of attention of international investors.
Today, 76% of institutional investors in AIM Italia are foreign.
Does the market price reflect the value of the company?
The price is the combination of the credibility of the forecasts of the prospective results of the industrial plan communicated to the market, the interest of investors and the liquidity of the stock or the possibility of a frequent meeting between supply and demand.