| Neuer Markt index, price floor |
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| Source: Deutsche Börse |
The Nuovo Mercato is "a new market for small and medium-size companies [that] can help to develop a real market culture in our country." Thus Massimo Capuano, chief executive officer of Borsa Italiana - the company that runs the Italian stock exchange, introducing Italy's new equity market.
The Nuovo Mercato - literally the New Market - will be the Italian equivalent of Germany's Neuer Markt and France's Nouveau Marché: a stock market especially designed to give high-growth companies access to funding.
Net assets of L2.5 billion ($1.4 million), a free float of at least 20% and the ability to grow fast will be the main listing requirements. Biotechnology, hi-tech and telecommunications companies are the most likely candidates for this high-growth exchange. But Capuano intends to leave the door open to other types of company. "If a company from a traditional industry sector...
