Milan Stock Exchange, Piazza Affari. The AIM Italia index now also lists Pattern, a company active in designing, engineering, developing, prototyping, and producing apparel collections for several high-end global brands in the segment of runway shows and men’s and women’s main lines.
After Pattern took part in the ELITE program, Borsa Italiana notified that its ordinary shares were admitted to negotiations. Coming for 60.3% from Italian investors and for the remaining 39.7% from abroad, the remarkable demand – about three times the supply – was also possible because of the roadshow held in the main European squares.
At placing, Pattern gathered €12.5 million. The floating capital at admission was 24.86% (28.25% in case a full Greenshoe option was exercised), with a market capitalization of € 44.3 million. Pattern’s 2018 turnover reached around € 38.3 million.
Pattern was founded in 2000 as the result of our friendship and strong will to get involved
commented Fulvio Botto and Franco Martorella, founders and owners of Pattern.
Now, almost 20 years later, seeing this small reality grow and land at the Italian Stock Exchange is cause for pride both for us and, undoubtedly, the whole Made in Italy sector
Entering the Stock Exchange
added CEO Luca Sburlati
is a crucial achievement, but also the starting point of the road to revive the Italian luxury design sector. Italian quality, sustainability, and technologies are the guidelines that inspire us, and that for all these years have allowed our company to grow on a market going faster, and faster and growing more and more innovative, like the luxury one
Source: ANSA
