Saturday, August 29, 2015

H-Farm eyes IPO on the AIM Italia

H-FARM, the first Italian private digital venture incubator - halfway between an incubator and a VC -, ten years after its foundation is ready to go public on AIM Italia the Borsa Italiana's market specifically created to enable small and medium-size Italian enterprises which wish to invest in their growth and have a high growth potential to access capital markets. The process kick-started with a series of financial and company moves. Beyond the international reorganization of the company structure, implemented in the last months, the Treviso-based digital platform founded by Riccardo Donadon with the goal of helping young entrepreneurs in launching their initiatives based on innovative business models in the Internet sector and to support the transformation of the Italian companies in a digital perspective, has completed two important steps. 

After launching two convertible bonds, the first of €15M (fully subscribed by existing shareholders) and the second of €4M, the startup incubator appointed the teams of consultants that will take it on AIM Italia. According to market rumors, the listing of H-Farm on the stock exchange will be by accompanied by the advisor N+1 Syz, the (nomad) nominated adviser Banca Intermobiliare and Unicredit (already shareholder of the company) as global coordinator. The listing on the Milan's stock exchange will take place in autumn. Provided that the storm that in recent days has shaken international markets do not advice to change the schedule of the IPO. The landing on the stock exchange is the completion of a process that began ten years ago and is a major milestone for a public company such as H-Farm.