Twenty-one Italian enterprises have begun the process of entering Piazza Affari. Their industries are diverse, as are their sizes: from start-ups in their early stages to multibillion-dollar enterprises. Acciaierie Venete, for example, is a behemoth with about 1,400 people that is expected to generate approximately 1.3 billion in revenue by 2023. Or Parmacotto: a sales target of $200 million by 2025 and plans to float 45% of the stock with the goal of expanding into the American market. What these 21 companies have in common is that Euronext, a pan-European company that includes Borsa Italiana, chose them to join in the Ipoready program. A training program for 160 European medium and small businesses that, upon completion, may be ready to enter the public capital market. In addition to Acciaierie Venete and Parmacotto, several names are already well-known in the Italian commercial sector. For example, Hnh Hospitality, a Veneto-based hotel business, reported consolidated revenues of €71 million and a net profit of €2.9 million in 2022 (the most recent financial records disclosed). Alternatively, the dental chain Dentalpro, acquired in 2017 by the private equity fund BC Partners, is expected to generate more than $250 million in revenue by 2023. Again, Morato, the firm that produces bread and derivative products, is controlled by the Aliante fund and has set a combined turnover objective of 430 million by 2023.
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