Alantra acted as Global Coordinator, Nominated Adviser and Bookrunner in the IPO of Tecma Solutions on AIM Italia

Nov 2020

IPO

Milan – Alantra, the independent global mid-market investment banking, alternative asset management and credit portfolio advisory firm, has acted as Global Coordinator, Nominated Adviser and Bookrunner to Tecma Solutions, a proptech company focused on the real estate industry, on its listing on AIM Italia on 9 November of 2020 with a final offer price of €4.00 per new share.

Tecma Solutions applies innovation to the residential industry by developing platforms and marketing tools – virtual architecture, set-up of digital concept stores and sales management software. The listing will help Tecma increase its visibility and will contribute to its international expansion, while developing new technologies.

The book building process generated a demand approximately two times higher than the global offering. Offers were received from leading Italian and foreign investors with a wide geographical diversification including France, UK, and Switzerland. 2,125,200 new shares were issued resulting from a capital increase to service the listing, for a total amount of €8.5 million. The free float is equal to 29.2% of the company’s share capital. As a result of the placement, the share capital of Tecma Solutions was comprised of 7,872,400 ordinary shares.

Stefano Bellavita, Managing Partner of Alantra and Head of the Equity Capital Markets team in Italy said: “We are delighted to have contributed to the completion of this successful transaction where the demand has almost doubled the offer. Tecma Solutions is a leading innovator within the real estate sector and its listing will help to increase its footprint internationally”.

This deal is the fifth IPO concluded by Alantra in Italy since the launch of the Equity Team and will further strengthen the firm’s credibility in the equity capital markets.