It rained, a supplier of automation solutions, debuted on the main list of the Milan Stock Exchange following the successful completion of an IPO in which Unicredit acted as Joint Global Coordinator. The Bank has worked on seven of the nine IPOs on the Italian main market since the beginning of 2017 for a total market value of over €3,7 billion.
“We congratulate Piovan and we are proud to be able to offer Italian excellence better access to capital markets, tailor-made financing solutions, support in their internationalization processes and growth acceleration paths specifically dedicated to SMEs – commented Gianni Franco Papa , general manager of Unicredit – In this regard, we recently launched the UniCredit 4 Growth programme. The Piovan operation is the perfect example of what advantages our being a pan-European commercial bank with a fully integrated CIB brings to our clients”.
Last Friday, Knorr brake, a manufacturer of braking systems for rail and commercial vehicles, has successfully completed its €3,9 billion IPO on the Frankfurt Stock Exchange, seeing very strong demand. It was the largest IPO in which Unicredit acted as Joint Bookrunner.
Earlier this month, the institution also participated as Joint Bookrunner in the IPO Aston Martin Lagonda, the iconic British car manufacturer of luxury. The transaction represented the largest IPO in the luxury sector in Europe.
“Despite the increased volatility – said Stefania Godoli, global head of equity capital markets at Unicredit – investors are showing that they are interested in the right equity stories. Our recent IPO successes demonstrate that we are well equipped to meet this demand through the excellence of our distribution platform.”
