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3rd listing of 2023 on Euronext Growth Milan
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Gentili Mosconi S.p.A. brings the total number of companies listed on Euronext Growth Milan to 193
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3rd listing on Euronext in 2023
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Total placement volume of the offering equal to €23 million
Milan – 7 February 2023 – Borsa Italiana, part of the Euronext Group, today congratulates Gentili Mosconi S.p.A. on its listing on Euronext Growth Milan.
Gentili Mosconi S.p.A. operates in the luxury fashion market offering design, transformation, printing and customisation services for natural fabrics such as silk, cashmere and wool. Product quality, attention to detail and continuous research into new techniques are the key factors of the company, which combines tradition with innovation.
Gentili Mosconi S.p.A. represents the third 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 193.
In the placement phase, Gentili Mosconi S.p.A. raised €20 million. In the case of the full exercise of the over-allotment option, the total amount raised will be €23 million. The free float at the time of admission was 21.1% and the market capitalisation at IPO was €71.2 million.
Francesco Gentili, Chairman and CEO of Gentili Mosconi S.p.A., said: “We are proud to present Gentili Mosconi to the financial community, sharing this important milestone that represents the result of the commitment and dedication that have characterised our work every day for over 30 years. We are sure that the listing on Euronext Growth Milan means a further step towards a future of growth and prosperity for our company, which we wish to share with all our employees, clients, and investors, who have believed in us and who share our passion for beauty, creativity, and quality, and to whom we extend our heartfelt thanks. Gentili Mosconi's commitment to the sustainability of its production processes and respect for people and the environment will receive further stimuli from the daily confrontation with other entrepreneurial realities that share with us the same path of transparency; a path that we have been committed to pursuing since the publication of our first sustainability report in 2020.”
Caption Francesco Gentili, Chairman and CEO of Gentili Mosconi S.p.A., Luca Domanico, CFO of Gentili Mosconi S.p.A., and Patrizia Mosconi, Board Member of Gentili Mosconi S.p.A., rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
About Gentili Mosconi S.p.A.
Gentili Mosconi, based in Como, is a manufacturer of foulards, scarves, fabrics for Prêt-à-Porter and haute couture, as well as a line of household items. The company provides complete assistance to its customers, thanks to its expert designers and extensive archives: starting from an idea and arriving to the finished product or fabric on a roll, Gentili Mosconi caters to a high-end international clientele, working mainly with natural fabrics such as silk, cashmere, cotton and wool. The absolute quality of the finished product and attention to detail are the cornerstones of the production process, which is developed through continuous research and new techniques. The company is at the forefront of the production process thanks to its own print shop, which produces sought-after and exclusive products for the world's best-known brands. Sustainability has always been the soul of the company, a pioneer as early as 2012 with the construction of the first industrial warehouse in Como (Italy), which spans over 2 thousand square metres and is completely ecological. The listing on the stock exchange of Gentili Mosconi comes 35 years after the company was founded and is intended to be a new starting point for a future still full of success and satisfaction.