AIM Italia - Ernesto Mocci - Methorios Capital

The Italian IPO market‣ As shown in fig 1, the number of IPO’s in the Italian market declined significantly following 2007. With the greatestimpact being in new listings on the Borsa Italiana’s MTA market (Main market).‣ With the creation of AIM Italia, it is likely that some of the small cap listings that would have been performed onthe MTA market have been instead listed on AIM Italia and companies that may not have met the stringentregulations of the MTA have now been able to list, thanks to the more lenient listing requirements.fig 1IPO’s Borsa ItalianaMTA MAC AIM Italia3530 3Non Consob regulated markets2520151050292116562221 222006 2007 2008 2009 2010 2011** 2011 as at June 28, 2011Source: Borsa Italiana9