Italian credit management firm Generalfinance plans IPO


Italian credit management company General finance plans to go public via an initial public offering on the Milan Stock Exchange next month.

As Reuters reported on Wednesday May 18, the company – which offers financing for small and medium-sized businesses, aims to provide newly issued shares and existing ordinary shares with an over-allotment option and a granted loan option to cover any overspending – the housing estates.

“The company plans to use the proceeds to support its growth objectives, is focused on increasing its revenue and strengthening its capital ratios, with the aim of improving its cost of financing and its profile. of risk,” the company said in a statement.

Banca Akros and Intesa Sanpaolo – IMI Corporate and Investment Banking will serve as global coordinators and bookrunners, while Ceresio SIM will act as lead manager, Reuters said.

According to the company’s website, Generalfinance has been in the financial industry since 1982. For 20 years, it has offered its customers a tailor-made financial solution through trade receivables credit.

“Such an approach enables clients not only to obtain credit mobilization, but also to benefit from a proven improvement in collection times, in addition to a considerable reduction in insolvency cases,” the company said.

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PYMNTS noted on Wednesday that our research showed waning enthusiasm for IPOs and their cousin, SPACs (Special Purpose Acquisition Companies). For example, so far this year, there are 12 payment-related ads. Last year, this segment saw 40 ad ads. The ‘shop’ pillar has seen seven listings so far, which pales in comparison to the 22 recorded for all of 2021.



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