Digital Magics went public last 31st July, 2013 on Milan's Stock Exchange AIM Italia, the Alternative Investment Market for small and medium-sized enterprises with high growth potential. Digital Magics is an investment company operating as venture incubator of innovative digital startup which propose contents and products of high technological content.
During the placement the company raised € 4,563,000. Post IPO floating supply amounts to 36.81% with a capitaliation of roughly €25.6 Mln. Integrae SIM acted as Global Coordinator and Nomad adviser, IPO
The listing operation was characterized by the issue of 1,239,247.new shares of which 630,847 for the conversion in advance of the convertible bonds issued by the company and 608,400 in connection with the capital increase reserved to qualified investors. The capital increase amounted to overall 8,585,000 (including the share-premium); therefore bringing the post-listing capitalization of the company to about €25.6 Mln with floating funds equal to about 37% of the total capital. The initial trading price was set at 7.5 € per share.
By going public on the Milan's Stock Exchange
Digital Magics is going to widen its investors pool and reach its proper target of funds raising to allocate to new investments in startups in the digital space. This IPO will certainly also pave the way and stimulate the establishment of new "listed" investment vehicles capable to foster the Italian Venture Capital ecosystem and thus back the development of high growth potential tech-startups. The company appears since 1st August in the basket of the FTSE AIM Italia Index. Digital Magics is the seventh company going public on the AIM Italia - MAC since the beginning of this year. With this admission the number of companies listed on AIM Italia - MAC increased to 29.
Digital Magics is a Venture Incubator of innovative startups, which backs the birth and development of digital internet startups, thus contributing to economic growth and employment of young italian talent. Moreover, it offers support, to finance the development, in the research of new private and public investors, both in Italy and abroad. The company model is considered unique in Italy. Therefore the objective of Digital Magics is an ecosystem operation, seeking to reinforce its leadership position, by creating the premises to accelerate its investment activity and development of innovative startups, thank to the resources that it will raise and thanks to to the confidence of its investors. The success of the IPO is due to the appreciation of the remuneration mechanism, which foresees the distribution of 50% of the capital gains arising from the exits that the company will realize in case of profits. Since its foundation Digital Magics has invested more than €10 Mln creating 35 digital startups and thus contributing to the development of some very important tech sectors in the internet space.
AIM Italia - MAC is the market of the Italian Stock Exchange (Borsa Italiana) devoted to italian SMEs with high growth potential. Born on 1st March 2012 through the merger of AIM Italia and MAC markets, for the purpose of rationalizing the offer of the markets devoted to SMEs and proposing a single marked conceived for Italy's more dynamic and competitive SMEs, with a formula that leverages on the know-how obtained in more than 15 years of experience of the British AIM on one side and on the specific need of the Italian entrepreneurial system on the other side. AIM Italia - MAC offers to small and medium companies the possibilit of access in an efficient manner a selected public of investors focused on small caps.