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SYS-DAT lists on Euronext STAR Milan

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  • Ninth admission of 2024 on Borsa Italiana’s Markets 
  • 25th listing on Euronext in 2024
  • The company raised €36.9 million 
  • The market capitalisation at IPO is €103 million

 

Milan – 2 July 2024 – Borsa Italiana, part of the Euronext Group, today congratulates SYS-DAT on its listing on Euronext STAR Milan.

SYS-DAT is one of the leading Italian operators specialising in the Information and Communication Technology (ICT) sector. The company operates nationwide and abroad, offering its clients highly innovative, comprehensive and integrated IT solutions.

SYS-DAT represents the ninth listing on Borsa Italiana’s markets in 2024. The company lists on Euronext STAR Milan, the Main Market segment that promotes excellent SMEs. SYS-DAT represents the 25th listing this year on Euronext.

In the placement phase, SYS-DAT raised €33.6 million, excluding the potential exercise of the over-allotment option. In the case of full exercise of the over-allotment option, the total amount raised will be €36.9 million. The free float at the time of admission is 35.1%, and the market capitalisation at IPO is €103 million (€106.4 million assuming full exercise of the over-allotment option).

Emanuele Angelidis, Vice Chairman of SYS-DAT, said: “The listing on Euronext STAR Milan represents an important step for SYS-DAT. Over the past three years, we have pursued a strategy of organic growth and acquisitions funded with internal resources. Opening our capital to new investors is a natural evolution for a rapidly growing company like ours. While the ICT sector has seen approximately 8% growth in recent years, SYS-DAT achieved a 2021-2023 CAGR on revenues exceeding 26%, with consolidated revenues surpassing €46 million in 2023. The funds raised will not only support our ongoing organic growth but also further drive our M&A strategy, enabling us to offer our customers increasingly advanced software solutions tailored to every need, diversifying our business, and generating value for shareholders. We extend special thanks to all the advisors who have guided us on this journey and to the entire SYS-DAT team for their commitment and dedication."

sys dat

 

CONTACTS  

MEDIA – mediateam@euronext.com 
Europe    Aurélie Cohen  +33 1 70 48 24 45  mediateam@euronext.com  
Andrea Monzani  +39 02 72 42 62 13 
Amsterdam  Marianne Aalders  +31 20 721 41 33  amsterdampressoffice@euronext.com 
Brussels  Marianne Aalders  +32 26 20 15 01  brusselspressoffice@euronext.com 
Dublin  Andrea Monzani +39 02 72 42 62 13 

dublinpressoffice@euronext.com

 
Lisbon  Sandra Machado 

+351 91 777 68 97

portugalpressoffice@euronext.com

 
Milan, Rome  Ester Russom  +39 02 72 42 67 56  italypressoffice@euronext.com 
Oslo  Cathrine Lorvik Segerlund +47 41 69 59 10  clsegerlund@euronext.com 
Paris, Corporate  Flavio Bornancin-Tomasella +33 1 70 48 24 45  parispressoffice@euronext.com 
Corporate Services  Coralie Patri  +33 7 88 34 27 44  parispressoffice@euronext.com 
       
ANALYSTS & INVESTORS – ir@euronext.com 
Investor Relations Aurélie Cohen  +33 1 70 48 24 17  ir@euronext.com 
  Clément Kubiak  +33 1 70 48 26 33  ir@euronext.com  
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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.  
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