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18th listing of 2023 on Euronext Growth Milan
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iVision Tech S.p.A. brings the total number of companies listed on Euronext Growth Milan to 197
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39th listing on Euronext in 2023
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Total placement volume of the offering equal to €2 million
Milan – 3 August 2023 – Borsa Italiana, part of the Euronext Group, today congratulates iVision Tech S.p.A. on its listing on Euronext Growth Milan.
iVision Tech S.p.A. is an innovative SME active in the design and production of eyeglass frames and sunglasses. The company operates in cooperation with major luxury brands. iVision Tech operates through the "iVision Eyewear" division that focuses on production, and the "iVision R&D" division dedicated to research and development activities for technological innovations to be applied to eyewear.
iVision Tech S.p.A. represents the eighteenth listing on Borsa Italiana’s market dedicated to small and medium-sized enterprises since the beginning of the year, the thirty-ninth listing of the year on Euronext, and it brings the total number of firms currently listed on Euronext Growth Milan to 197.
In the placement phase, iVision Tech S.p.A. raised €2 million. The free float at the time of admission was 25.06% and the market capitalisation at IPO was €7.98 million.
Stefano Fulchir, Managing Director of iVision Tech, said: “Today we mark another important milestone in our company's history: the listing marks a fundamental step into the future, opening a door to the capital market and giving us the opportunity to consolidate and expand our production and development capacity. This is an exciting time, as we not only see the possibility for organic growth, but also begin to explore opportunities in the field of mergers and acquisitions. I want to express my deep gratitude to the wonderful group of people who have supported us so far, carrying our project forward with cohesion and a common vision. Our success has been possible thanks to the consistency of purpose and hard work of each team member. I would also like to thank the investors who have shown great interest in our Company and recognised potential in our growth plan.”
Eva Fulchir, Managing Director of iVision Tech S.p.A., commented: “The listing on Borsa Italiana is the seal of a dream that we have shared with the entire staff, and it is meant to be the beginning of a long journey of growth to be made together, because we strongly believe that thanks to everyone's collaboration it will be possible to create great projects. We are very confident in the future and we are convinced that, starting from a solid economic base, high-level skills and an approach to innovation, we will achieve extraordinary satisfaction over time. We will continue to pursue our mission with passion and determination, creating value for all stakeholders involved. On this very special occasion we would like to thank our customers, whom we cannot name for reasons of confidentiality, for having believed in us from the very beginning.”
Caption: Eva Fulchir, CEO of iVision Tech S.p.A., rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
iVision Tech S.p.A.
iVision Tech S.p.A. ("iVision Tech" or the "Company"), an innovative SME with its registered office in Milan and production plant in Martignacco (UD), is a leading player in the "Made in Italy" manufacturing, specialized in designing and producing acetate eyeglass frames, sunglasses, as well as combination eyeglasses with acetate fronts and metal temples. iVision Tech operates as a wholesaler in collaboration with major international luxury fashion brands, managing an integrated production cycle consisting of an average of 36 interconnected manufacturing processes; these processes range from hand drawings and/or 3D prototyping to the final stages of assembly, finishing, and product packaging. The company conducts its operations in its own factory of approximately 5,000 square meters located in Friuli-Venezia Giulia. Itis one of the most advanced in the Italian eyewear sector, due to the professional level of its specialized personnel, technologies used and procedures adopted. iVision Tech operates through its "iVision Eyewear" business unit, which focuses on three types of production: i) Contract work - prototyping, engineering, and industrialization of the product. ii) Full-service - processing of the eyeglass from the design phase to packaging and delivery. iii) Semi-finished products - handling eyeglass processing exclusively during the finishing and assembly stages.