The FINANCIAL — Frendy Energy lists on Aim Italia – Mercato Alternativo del Capitale, Borsa Italiana’s market dedicated to SMEs.
Frendy Energy is headquartered in Florence with assets in energy production derived from hydroelectric sources.
According to Borsa Italiana – London Stock Exchange Group, the company was set up in 2006 to develop a mini-hydro electricity business in Italy.
The company successfully raised €2,730,000 giving it a market capitalization of €17, 745,000 and a post listing free-float of 29.77 per cent.
Integrae SIM S.p.A. is acting as the company’s Nomad.
Barbara Lunghi, Borsa Italiana’s Head of Small & Mid Caps said: "We are delighted that Frendy Energy has selected Aim Italia- Mercato Alternativo del Capitale as a venue to grow and gain access to capital. The listing has been a success in terms of capital raised and the number and diversity of investors. This means that even in difficult market conditions, this success shows that fast-growing companies with a strong business model are rewarded investors."
Aim Italia- Mercato Alternativo del Capitale was created in January 2012 with the objective to simplify access to capital for SMEs. A balanced and appropriate regulation regime is in place, ensuring good governance from companies and the protection of investors.
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