Naples, 22 May 2024 – Next Geosolutions Europe S.p.A, a leading international company in the field of marine geosciences and offshore construction support services mainly in the energy sector, with a focus on renewable energies, (“NextGeo” or the “Company”), announces that today trading of its ordinary shares has begun today on Euronext Growth Milan, system organized and managed by Borsa Italiana S.p.A. The shares closed today’s session at a price1 of € 6.606, with a growth equal to 5.70% compared to the placement price of € 6.25. Today, a total of 219,500 shares were traded on the market, equivalent to a value of € 1,520,373. At the end of today’s session, the market capitalization of Next Geosolutions Europe exceed € 307 million.
Attilio Ievoli, President of NextGeo and CEO of Marnavi Group: “Today the stock market welcomed us enthusiastically, with investors showing strong interest and appreciation for the Company. We are convinced that the listing on Euronext Growth Milan can represent a further and significant step in our growth. This result is a boost that driving us to look with determination towards our ambitious future goals”.
Giovanni Ranieri, CEO of NextGeo, commented: “This highly significant result can only make us satisfied on such an emotionally charged day as today. A very positive first day that represents the beginning of what we imagine will be a journey full of satisfaction for everyone. Today, we open a new chapter in the company’s history. I thank our collaborators for their dedication and the important work done so far, our clients who have always believed in us, the investors who have supported this new adventure, and the entire team of advisors who accompanied us on the listing process”.
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In the listing process, NextGeo was assisted by Intesa Sanpaolo S.p.A., as Global Coordinator, Specialist and Joint Bookrunner, Alantra Capital Markets as Euronext Growth Advisor and Joint Bookrunner, by Ceresio Investors as Lead Manager, by IPOCoach as Financial Advisor, by PricewaterhouseCoopers S.p.A., as Auditor, Financial DD and Management Control System, by Chiomenti as legal advisor, by Cleary Gottlieb Steen & Hamilton LLP as legal advisor to the banks, by Studio Cerrito as Payroll DD, by RSM Società di Revisione e Organizzazione Contabile S.p.A. as financial & tax due diligence advisor, and by CDR Communication as Advisor of the Company in matters of Investor Relations and the Company’s Press Office.
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This press release is available in the Investor/Financial Press Releases section of the website https://www.nextgeo.eu/. It is also noted that, for the dissemination of regulated information, the Company uses the eMarket SDIR circuit managed by Teleborsa S.r.l.
