Valtecne S.p.A. lists on Euronext Growth Milan

  • 4th listing of 2023 on Euronext Growth Milan
  • Valtecne S.p.A. brings the total number of companies listed on Euronext Growth Milan to 194
  • 7th listing on Euronext in 2023
  • Total placement volume of the offering equal to €5.5 million

Milan – 1 March 2023 – Borsa Italiana, part of the Euronext Group, today congratulates Valtecne S.p.A. on its listing on Euronext Growth Milan.

Valtecne operates in the production of high precision mechanics. The company produces components for application in the medical sector, in particular instruments for orthopaedic surgery and implantable components, and in various industrial sectors such as power transmission, automotive and energy.

Valtecne S.p.A. represents the fourth listing since the beginning of the year on Borsa Italiana’s market dedicated to small and medium-sized companies, and it brings the total number of firms currently listed on Euronext Growth Milan to 194.

In the placement phase, Valtecne S.p.A. raised €5.5 million. The free float at the time of admission was 17.35% and the company’s market capitalisation at IPO was €30.5 million.

Paolo Mainetti, CEO of Valtecne S.p.A., said: “Today we reach a milestone in the history of Valtecne. Our arrival on the Euronext Growth Milan market marks the beginning of a new adventure that will allow us to accelerate our growth. The resources raised will be used mainly for external growth through M&A operations targeting companies active in the production of medical devices for customers and segments not yet covered, and internal growth to strengthen our operating structure with the purchase of new high-productivity machinery and to enhance our commercial activity. I would like to thank all our employees, whose work has made it possible to achieve these important results, as well as the consultants who have accompanied us on this journey and those who have joined our project, for the trust placed in us and for choosing to work alongside us in our growth.

Valtecne lists on Euronext Growth
Vittorio Mainetti, Chairman of Valtecne S.p.A., and Paolo Mainetti, CEO of Valtecne S.p.A., rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.

About Valtecne S.p.A.

Valtecne, founded in 1983, is a leading company in high precision mechanics. It produces components that find application in the medical sector, in particular instruments for orthopaedic surgery and implantable components, and in various industrial sectors such as power transmission, automotive and energy. As at 31 December 2021, Valtecne achieved a pro forma Production Value of €21.6 million and an EBITDA of €3.2 million, which reflects an EBITDA margin of 15%.

About Euronext

Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 1,930 listed issuers and around €6.3 trillion in market capitalisation as of end December 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs. For the latest news, go to or follow us on Twitter ( and LinkedIn (