Joint Global Coordinator in the IPO of Generalfinance

IMI Corporate & Investment Banking Division acted as Joint Global Coordinator and Joint Bookrunner in the IPO of Generalfinance on Euronext STAR Milan: the transaction represents the first listing on this segment in 2022.
In addition, Intesa Sanpaolo is also serving as Specialist.

The overall amount of the offering is 38.9 million euros (including the over-allotment option) and the market cap at the start of trading (last June 29) stood at 91 million euros. The offering received strong interest from Italian and international institutional investors, registering a total demand of 65.8 million euros, about 70 percent higher than the placed, despite the complex and volatile market moment like the current one.

Generalfinance is a financial intermediary specializing in recourse (pro solvendo) and, to a lesser extent, non-recourse (pro soluto) factoring. It is active in Italy and works exclusively with Italian assignors through its Milan and Biella offices.

Read the press release.