/PRNewswire/ SECO S.p.A. ("SECO"), reference player in the field of technological innovation and Internet of Things solutions, today announced the signing.
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Shares in Italian high-tech group SECO fell on their market debut on the Milan Stock Exchange on Wednesday, a day after tech stocks in Europe recorded their worst day since late-October after trading near record highs.
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SECO to IPO
SECO, the embedded specialist, is to IPO on the Mercato Telematico Azionario managed by Borsa Italiana (“MTA”) as part of the market’s Star Segment.
“By going public, we aim to raise the financial resources to further accelerate our growth and reinforce our international presence,” says CEO Massimo Mauri (pictured), “over the course of 2020 we worked on the evolution of our business model and, thanks in part to the acquisitions of Ispirata and Hopenly and their integration – finalized with the creation of SECO Mind – we have become a strategic partner in businesses’ IoT-based digital transformation and have laid solid foundations for future development.”