Italy Innovazioni S.p.A goes public on the Euronext Access of the Paris Stock Exchange. A new milestone reached for Hide, the revolutionary, smart, 100% Italian flush-mounted power outlet.
Rome, Jan. 30, 2019-Italy Innovazioni S.p.A declares that it has obtained from Euronext N.V. the admission to listing of its ordinary shares on the Euronext Access market of the Paris Stock Exchange.
The IPO covers 3,823,290 shares with an initial value of €2.88; the stock, identified on the market with the code MLITN, will make its debut on the French market on January 31, 2019 with CEO Giorgio Rende making it official with the traditional bell ceremony.
The BoA. of the Company, approved the listing during the last months of 2018 in order to improve the arrangement of its intellectual properties in the field of electrical devices and promote their business development through partnerships with global manufacturers.
The company chose Euronext Access because of the French market’s special focus on start-up and innovative SMEs.
Italy Innovazioni’s flagship product is Hide, the world’s first and only smart electrical socket that has sold more than one million pieces in Italy and Europe. Instead, its American version was unveiled at CES 2019 in Las Vegas along with an innovative system that can support the artificial intelligence of Google Home and Amazon’s Alexa.
Through this system patented by Italy Innovazioni, the home electrical system can be used to fully realize the concept of Ambient Computing, pursued by the world’s leading Internet Companies.
Italy Innovations holds 34 global patents on Hide, its operation and design. The story of Italy Innovazioni is an all-Italian success story. The company was the brainchild of Giorgio Rende, an engineer originally from Corigliano Calabro, a town in southern Calabria, who created a successful product that has come overseas and now has access to international financial markets.
Giorgio Rende, CEO of Italy Innovazioni, said, “Our company has reached a level of maturity that pushes us to take the next step. Moving forward always involves making choices, and deciding to be listed on the Paris Euronext seems to be just the right thing to do both for our stakeholders and with a view to the success of our Smart Home project.”
We have already grown a lot and will continue to do so.