This page is available in multiple languages
Select Language

Racing Force S.p.A. lists on Euronext Growth Milan

Back

  • Twenty-ninth listing of 2021 on Euronext Growth Milan
  • Racing Force S.p.A. brings the total number of companies listed on Euronext Growth Milan to 160
  • Total placement volume of the offering equal to €31.2 million

Milan – 16 November 2021 – Borsa Italiana, part of the Euronext Group, today congratulates Racing Force S.p.A. on its listing on Euronext Growth Milan.

Racing Force S.p.A. is one of the global leaders in the field of motorsport safety equipment and has a wide range of products ranging from helmets, suits, gloves and shoes to seats, seatbelts, rollbars, steering wheels, fire extinguishers and communication systems.

Racing Force S.p.A. represents the twenty-ninth listing since the beginning of the year on Borsa Italiana’s market dedicated to small and medium sized companies and it brings the total number of firms currently listed on Euronext Growth Milan to 160.

In the placement phase, Racing Force S.p.A. raised €28.3 million excluding the potential exercise of an over-allotment option. In the case of the full exercise of the over-allotment option, the total amount raised will be €31.2 million. The free float at the time of admission was 27.45% and the market capitalisation at IPO was €106.9 million.

Paolo Delprato, Chairman and CEO of Racing Force Group, said: "The debut on Euronext Growth Milan represents a milestone on a path that has its roots in the history of this Group. Racing Force has proven over time to be an innovative, international, solid company ready to seize market opportunities, acquiring and integrating historic motorsport companies and making the most out of synergies between brands. The listing will allow us to accelerate our growth plans, which are focused on the diversification and integration of the business at an international level and on product and process innovation, fully exploiting our technological know-how. This milestone has been achieved thanks to the expertise and dedication of all the members of the Racing Force family, who best represent the spirit and values of our Group. We are proud that the financial community has appreciated our reality and our vision, giving confidence to a project that we hope will bring excellent results in the coming years."

Racing Force S.p.A. Bell ringing

Paolo Delprato, Chairman and CEO of Racing Force S.p.A., rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.

About Racing Force S.p.A.

Racing Force Group is one of the global leaders in the field of motorsport safety equipment and has a wide range of products ranging from helmets, suits, gloves and shoes to seats, seatbelts, rollbars, steering wheels, fire extinguishers and communication systems. All products of the Group are marketed under OMP, Bell Helmets, ZeroNoise and Racing Spirit brands. The Group has the best and most complete range of safety products for Motorsport, used by professional drivers and teams from all over the world, from F1 to the World Rally, Karting and Rally-Raid Championship. In the last 10 years the Group has won more than 60 FIA World Championship titles with its products. The 50 years of experience in the market have allowed Racing Force Group to establish long-standing relationships with the main players (drivers, teams, FIA) and to develop products which are considered among the most reliable by both professional and amateur drivers and teams. Racing Force Group is located in three different continents: Ronco Scrivia and Pisa in Italy, Ghislenghien (Belgium), Sakhir (Kingdom of Bahrain), Miami, Indianapolis and Mooresville (USA) and counts more than 400 employees. Racing Force Group products are sold in 80 countries worldwide.

Press Release Footer

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 €6.3 trillion in market capitalisation as of end September 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.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.