Alia Mentis makes a splashy debut on Euronext Growth Milan. The shares of the Veneto-based deep tech company, initially blocked due to excessive gains, rose in the early afternoon. earn 32,34% in its value, rising to 4,3 euros per share, after hitting an intraday high of 4,5 euros. The IPO price was 3,25 euros.
"We are proud of the results that the market is recognizing us, investors wanted to delve into our business model, they understood it and accepted it. This is exactly what we wanted", explained on the sidelines of the inaugural event at Palazzo Mezzanotte. President of Alia Mentis, Giuseppe Paronetto.
Alia Mentis: Market cap grows to 126 million
Alia Mentis's placement, reserved for Italian and foreign institutional investors, was oversubscribed three times over its offering. The transaction involved approximately 10,7 million shares, including the exercise of the greenshoe option on the capital increase. This represents approximately 30,7 million shares, for a total of initial capitalization of 100 million which in a few hours exceeded 120 million euros, settling at 126 million.
The free float is 35%, including the greenshoe option. Specifically, Paronetto-Daniel (100% controlled by Alia Mentis's chairman, Giuseppe Paronetto) holds 65% of the capital, and Axon Partners Group holds 8%.
President Peronetto: "Listing is part of a broader project."
“We managed to preserve the company's ownership and capacity until the very end”; a result achieved, he underlines, “thanks to theextreme support from the banks”, who “supported us in everything, even breaking some golden rules of access to credit. This allowed us to arrive unscathed until the IPO.” According to the trading admission document, in fact, Alias Mentis enjoyed the support of Intesa Sanpaolo and Banco Bpm, with several financings between July and December 2025 for a total of approximately 11 million euros. "Now the financial world and the market are talking: this is a model that we will carry forward over time”, added Paronetto.
“We will close 2026 as per plan, which is already crystallized with a +40%", he stated. But the "full expression" of the model is expected in 2027, when "the projects of the brands currently in incubation will enter start-up production." The listing is part of a broader industrial project, linked to international growth and the valorization of the group's proprietary technologies, which "are becoming global standards. The plan is to make them explode across the board," placing research and development and the "monetization" of IP licensing at the center of the model, which "will be accompanied by the vertical growth of production," the president concluded.
