At the end of December, 429 companies are listed on the Borsa Italiana markets, with 225 on Euronext Milan, one FIA instrument on the MIV market, and 203 on Euronext Growth Milan.
The total market capitalization on December 28, 2023, amounts to 761 billion euros, equivalent to 39.4% of the gross domestic product.
In 2023 alone, Euronext welcomed 64 new companies, representing 40% of the total number of new stock listings in Europe.
The FTSE MIB closes 2023 with a 28% increase at over 30,000 points, a value not observed in 15 years, before the Lehman Brothers’ crash. The FTSE Italia All Share index records a 26.2% increase. These are just some of the numbers released during Borsa Italiana’s annual report, highlighting market entries and stock exchanges.
At the end of December, there are 429 listed companies, with 225 on Euronext Milan (72 on the Star segment), one FIA instrument on the MIV market, and 203 on Euronext Growth Milan, a list dedicated to small and medium-sized enterprises. Satisfaction is expressed for the number of new IPOs, totaling 36, including 4 on Euronext Milan (Eurogroup Laminations, Lottomatica Group, Italian Design Brands, and Ferretti) and 32 on Euronext Growth Milan (Deodato.Gallery, Tmp Group, Gentili Mosconi, Valtecne, Creactives Group, Reway Group, Cube Labs, Ecomembrane, Res, Pasquarelli Auto, Redfish Longterm Capital, Aatech, I.M.D. International Medical Devices, Green Oleo, Riba Mundo Tecnologia, Vne, Ivision Tech, Arras Group, Execus, Porto Aviation Group, E-Globe, La Sia, Edil San Felice, Elsa Solution, Emma Villas, Valica, Xenia Hotellerie Solution, Sbe-Varvit, Bolognafiere, Cloudia Research, Lemon Sistemi, and Simone). There are also five market transitions, namely Technoprobe, Digital Value, and Comer Industries from Euronext Growth Milan to Euronext Milan, and Unidata and Cy4gate from Euronext Growth Milan to the Star segment. Additionally, Eurocommercial Properties undergoes a triple listing on Euronext Milan, Sicily by Car has a business combination with Industrial Stars of Italy 4 on Euronext Growth Milan, and Yakko has a direct listing on the professional segment of Euronext Growth Milan.
Borsa Italiana: Capitalization at 761 Billion Euros
The total market capitalization on December 28, 2023, amounts to 761 billion euros, equivalent to 39.4% of the gross domestic product. Stock exchanges have reached a daily average of almost 2.3 billion euros and an average of more than 270,000 contracts. The most traded stock? UniCredit, with a total of 74 billion euros and approximately 5 million contracts traded. The total collection of the 36 IPOs on the Borsa Italiana markets amounts to 1.561 million euros; in addition, there are 12 capital increase operations with an option value of 621.5 million euros. There were 20 Public Tender Offers (PTOs) for a value close to 923 million euros.
European Leadership in Fixed-Income Markets
“Borsa Italiana’s leadership in traded contracts on MOT is consolidated,” says the Borsa Italiana statement. With 1,490 listed instruments (157 government bonds, 41 corporate bonds, and 1,292 eurobonds), over 31,000 are calculated daily, showing a growth of +64.7% compared to 2022, with a daily average value of 1 billion euros (+58.4%). The first two issuances of BTP Valore and the 19th issuance of BTP Italia, distributed on MOT, recorded a total collection of over 45 billion euros and 1.6 million contracts concluded in the distribution phase. Not to forget the two 2-billion-euro issuances by Eni (last February) and CDP (in December) dedicated to retail investors.
Euronext: Nearly 1,900 Equity Issuers
Time for assessments also for Euronext, the leading pan-European market infrastructure. It currently hosts almost 1,900 equity issuers with a market value of 6.6 trillion euros. In 2023 alone, it welcomed 64 new companies, representing 40% of the total number of new equity listings in Europe. Confirmed “its global position as the main debt listing venue,” according to the official statement, with over 54,000 bonds listed from over 110 different countries. In the last 12 months, over 9,500 new bonds have been registered, including more than 450 sustainable ones. “These are the results of our efforts to build the largest European liquidity pool,” says Stéphane Boujnah, CEO and Chairman of the Board of Directors of Euronext. “The migration of Italian markets to Optiq, our cutting-edge trading platform, has been another step forward in building the backbone of the Capital Markets Union in Europe,” he adds. He concludes, “We have continued to introduce new innovative services for issuers, brokers, and investors to create value throughout the entire chain. 2024 will see an acceleration of our transformation to further shape the capital markets for future generations.”
