(Alliance News) - AATech Spa made its debut on Piazza Affari on Monday after a EUR1.6 million IPO, becoming the 12th company to land on the Italian stock exchange since the beginning of the year

AATechis an Italian venture tech builder operating in the fintech and energy transition sectors. The company, through a process of continuous innovation, identifies new technologies in these sectors, with the intent, after their validation, to develop them as stand-alone companies.

Alessandro Andreozzi, president and CEO of AATech, commented, "The listing of AATech is a wonderful achievement, not only for our group but for the whole ecosystem of Italian innovation in fintech and energy transition. Investors, believe in our project and our business model, based on technology and the push towards sustainability. Finally, we believe that the result was influenced by the confidence in the competence of our team, made up of professionals with long experience in the field in Italy and abroad."

"The listing on Euronext Growth Milan for AATech is the beginning of a path of growth aimed at consolidating our group in the role of leading player at the national level; we will continue to invest in our platform and in the quality of our offer, in order to satisfy an increasingly demanding clientele, which will be the first to benefit. We are ready to ride the wave of future technologies and also aim to do so through targeted acquisitions of technology partners."

AATech's stock is suspended for excess volatility, with a technical upside of 50 percent.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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