Italian Luxury Furniture Group IDB Lists on Milan Pan-European Exchange with Market Value Exceeding €300M

5月 25, 2023

Italian Design Brands (IDB), a high-end luxury furniture group, officially debuted on the Milan Pan-European Exchange on May 18th at 9:00 AM Central European Summer Time. The stock is listed under the ticker symbol IDB.MI. During the initial public offering (IPO), IDB raised €70 million, with a total amount of €80.5 million if the greenshoe option is included. At the start of trading, the group had a market value of approximately €293 million.
*The greenshoe option, also known as the “Green Shoe Mechanism,” is an oversubscription option commonly used in situations where ma …