Here’s the translation into American English:
The company IZERTIS has made its debut on the main market of the stock exchange after more than five years of trading on BME Growth. This significant milestone was celebrated with the traditional Bell Ringing at the Madrid Stock Exchange, an event attended by Pablo Martín, the company’s CEO.
With a valuation of €273.79 million, this listing represents a significant step in IZERTIS’s journey, which aims to facilitate its financing process through the capital markets. Juan Flames, CEO of BME, highlighted the importance of this event, considering it a success that impacts both IZERTIS and BME. Flames emphasized the significance of the debut, underscoring that it marks a crucial advance in the company’s expansion and fulfills BME’s goals of supporting companies in their growth.
Pablo Martín expressed his satisfaction with the listing on the continuous market, noting that this new momentum will allow IZERTIS to progress on its path toward sustained growth. Since its founding, the company has demonstrated remarkable expansion capability, with revenue growing from €48.5 million in 2019 to a projected €138.1 million for 2024, in addition to having tripled its workforce.
The initial share price has been set at €10.50, maintaining the same ticker, “IZER,” used during its time on BME Growth. With its stock market debut, IZERTIS becomes the second company to list on the main market this year, reaffirming its commitment to growth and innovation in the technology consulting sector in Southern Europe.
Source: MiMub in Spanish
