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ELITE

Italian market review 2017: Record year for Borsa Italiana

  • New admissions record since 2000 with 39 new companies
  • Second best capital raising with €5.4 billion
  • Year-end total market capitalization of listed companies on Borsa Italiana: €644.3 billion, +22.7% compared to 2016
  • FTSEMib performance: +15.5%
  • Borsa Italiana confirmed as European traded contracts leader on both ETFPlus and MOT
  • Currently, the ELITE community counts 703 companies from 27 countries.

In 2017 ELITE S.p.A. has opened its capital to external investors. Cassa Depositi e Prestiti and NUO Capital have acquired minority stakes in ELITE
SpA, respectively 15% and 10%.
ELITE’s internationalization process continues: following Morocco, that this year has expanded to eight countries which created the ELITE Hub in West Africa (Benin, Burkina Faso, Cote d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo), ELITE has signed a partnership with the Instituto Mineiro de Mercado de Capitais (IMMC) and the Federation of Industries of the State of Minas Gerais (FIEMG) to launch ELITE in Brasil. ELITE has also announced the signing of a memorandum of understanding with Shenzhen Securities Information Company (SSIC), subsidiary of Shenzhen Stock Exchange (SZSE) to launch the programme in China through the creation of ELITE V-Next Alliance.
The Partnership with Turkonfed, association of Turkish SMEs with more than 40.000 associated companies, was strengthened through the signing of a MOU to launch a dedicated programme in Turkey.
Currently, the ELITE community counts 703 companies from 27 countries.
In 2017, 261 international companies have joined ELITE. The programme was launched in 2012 by Borsa Italiana in collaboration with Confindustria, through both dedicated cohorts or through the innovative model of the ELITE Lounge in collaboration with the main banks and consultancy players (BNL BNP Paribas, Gruppo BPM – Banca Akros, Deutsche Bank, Deloitte and KPMG).
ELITE launched two state-of-the-art tools: ELITE Basket Bond and ELITE SPAC in Cloud on its private placement platform.
ELITE Basket Bond is a ten-year bond made up of ten well performing and innovative Italian ELITE companies that valorizes a selected number of quality companies that represent the Italian economic fabric. After the first successful closing with €122 million raised, ELITE will start to select the companies for a new 2018 basket starting January.
ELITE SPAC in Cloud is a new tool that further simplifies the listing process and combines the benefits of traditional SPACs with ELITE Club Deal’s digital capital raising model.
Currently 2600 listed companies, financial intermediaries and institutional investors are part of ELITE Connect, the digital platform that allows listed companies to communicate with financial intermediaries and investors in a protected environment through its network and digital tools. The platform was developed in conformity with the new corporate access regulations, redefined by MIFID II, that starting 3 January 2018 will have a direct impact in investor engagement, research and reporting.

 

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