Italian Design Brands (IDB), a collection of prestigious Italian furniture and design companies, has announced its intention to go public on Euronext Milan through an initial public offering (IPO). The IPO is slated to occur in early May and will involve newly-issued shares worth 70 million euros ($77 million) in addition to existing ordinary shares. Following the listing, IDB aims to achieve a free float of at least 25% of its share capital.

IDB is currently finalizing the specifics of the IPO and expects to release further details closer to the launch date. The funds raised from the offering will be utilized to support the company’s organic growth, investment initiatives, and working capital requirements. Citigroup and Equita have been appointed as joint global coordinators and joint bookrunners for the IPO, reflecting the strong market interest in IDB.

The latest financial report from IDB showcases an impressive 84.8% year-on-year increase in pro-forma revenue, amounting to 266.5 million euros in 2022. This growth underscores the robust performance of the Italian furniture and design industry and the substantial demand for its products. By listing on Euronext Milan, IDB strategically positions itself to benefit from a broader investor base, increased market exposure, and a chance to capitalize on the rising global interest in Italian design.

Italian design is renowned for its impeccable craftsmanship, timeless elegance, and innovative approach. Through this IPO, IDB aims to showcase the finest examples of Italian design to a wider audience, both domestically and internationally. Beyond the financial benefits, the listing on Euronext Milan allows IDB to promote its strong brand reputation and take advantage of the growing appetite for Italian design on a global scale.

The IPO not only presents an opportunity for IDB to secure the necessary capital for future growth and expansion plans, but it also offers investors a chance to share in the success of one of Italy’s most iconic industries. As the demand for luxury and high-quality design continues to escalate, IDB is well-positioned to capitalize on this trend and sustain its upward trajectory.

Throughout the IPO process, IDB remains committed to upholding its core values of exceptional craftsmanship, creativity, and sustainability. These principles are fundamental to the success of Italian design brands and will remain at the forefront of IDB’s future endeavors. The listing on Euronext Milan signifies a significant milestone for IDB and serves as a testament to the enduring allure and global appeal of Italian design.

Useful links:

1. Euronext Milan
2. Italian Design Brands website