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Sicis, a Romagna-based company that is a global leader in artistic mosaics for furnishings, is in the process of going public. In the interim, the company is establishing a new showroom in Seoul and is preparing to double its presence in India. This is a watershed moment for the SME, with finance and international development connected to enable a further expansion in scale. The company, now completely controlled by founder Maurizio Placuzzi, intends to raise capital with an expected free float of 30-35%. The five-year business plan presently being developed contains ambitious targets, including exceeding €50 million in sales by 2026 and reaching €90 million by the end of the plan. This trend is supported by exports, which already account for 90% of total revenue, and a large sales network. In addition to its Ravenna production facility, Sicis has showrooms and branches in the United States—its largest overseas market, with revenues of €12 million in 2025, despite tariffs—Paris, London, Hong Kong, and, as of November last year, Dubai. The most imminent development concerns South Korea, where a new showroom will open in Seoul in March. Further west, India represents another potential opportunity. Sicis currently operates two stores in Mumbai and New Delhi. The company intends to expand its presence by doubling the number of showrooms to four in a maturing nation that is demonstrating increasing interest in Italian design, in part due to recent agreements with the European Union. The Chinese chapter remains open, with the development project halted by Covid and the slowdown in the luxury market. Sicis has restarted conversations with Dong Peng, a well-known distributor of high-end materials.
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