Launch of AIM Italia - Mercato Alternativo Del Capitale

Launch of AIM Italia - Mercato Alternativo Del Capitale - The SME Advisory Board and Borsa Italiana launch a new market dedicated to Small and Medium Enterprises


SME Advisory Board and Borsa Italiana launched AIM Italia- Mercato Alternativo del Capitale. This new market will combine the AIM Italia and MAC markets in Italy and will enhance Borsa Italiana’s listing options for SMEs. Creating greater choice for companies, the new AIM Italia – Mercato Alternativo del Capitale has been built in response to feedback from companies, investors and brokers.

The new MTF (Multilateral Trading Facility) aims to simplify access to capital for SMEs. A balanced and appropriate regulation regime is in place, ensuring good governance from companies and the security of wardship for minority investors.

AIM Italia – Mercato Alternativo del Capitale incorporates the strengths of both MAC and AIM Italia markets. The market includes MAC’s simple listing process, shorter IPO timetable and minimum trading share. From AIM Italia it offers an international environment for growth together with a dedicated and specialized community of professionals and the opportunity to reach a wider group of both professional and retail investors.

The birth of AIM Italia - Mercato Alternativo del Capitale represents the first important result of the systemic work conducted by the SME Advisory Board. The Board was founded in October 2010 to develop Borsa Italiana’s markets for SMEs and is presided over by Vincenzo Boccia, Chairman of Piccola Industria of Confindustria and made up of representatives from enterprises, banks, investors and market dealers.

Vincenzo Boccia, Chairman of the Advisory Board says:

"This is only the first step taken by the Advisory Board. We will continue to work on the development of SME markets because they represent an important element for the growth of Italy, being able to create employment and innovation and ensuring a sustainable growth in the mid to long term”

Raffaele Jerusalmi, CEO of Borsa Italiana comments:

“Having an efficient market, where capital demand and supply can meet each other, represents an important starting point. It is vital to make a strong systemic commitment to support Italian SMEs development in a positive and structured way, through a number of activities, including boosting the development of local institutional investors, increasing the attractiveness of Italian SMEs for international investors and stimulating the public saving inflow in the sector. It’s important to help companies to use equity as an instrument to accelerate their growth whilst maintaining the highest management transparency, helping to consolidate the attention of banks towards listed companies”.

The work of the Advisory Board in the coming months will be focused on these topics.