Icon Technology is listed through direct listing on the Vienna Stock Exchange
(Teleborsa) – Icona Technology, an Italian company specializing in augmented reality for remote assistance, was admitted to the Vienna Stock Exchange, direct market segment. The first day of will will be Wednesday 24 November 2021 and the market capitalization will be € 28.2 million, corresponding to a price of € 4.1 per share. The free float will be equal to 19.99%. The company, based in Cinisello Balsamo (Milan), has chosen to go public through direct list, that is, without issuing new shares but merely offering investors its private stock.
Icon Technology is the result of business combination between Errera Technology and Icona. Errera is a research company focused on technology, founded in May 2021 and promoted by Grafoventures (holding of Giandomenico Sica), together with DHH (group listed on Piazza Affari and focused on cloud computing), Luca Giacometti (PE investor, founder of 5 SPAC), Massimo Grosso (VC investor), and Stefano Miari (VC investor).
On June 18, 2021, Errera Technology (later renamed Icon Technology following the business combination) approved a capital increase reserved for institutional and professional investors. The capital increase was completed on November 9, 2021 with the collection of € 2,225,000 and the placement of 890,000 shares.
Founded in 1996, Icona has developed 3 products: Acty, remote video support tool supported by augmented reality; Livecare Support, remote desktop access software; Deskoala, cloud CRM for support team. Icona recorded a turnover of 2.2 million euros in 2020 with a CAGR of 32% in the last 3 years. The company claims to sell its products internationally to approximately 2,300 customers in 30 countries (including ABB, Amada, Iveco, Pensplan, Saudi Aramco Korea, Schneider Electric, United Nations) and has a business model based on recurring revenues. .
“The listing on the Vienna Stock Exchange is a source of great emotion and satisfaction for us – he commented Giorgio Nepa, President and CEO by Icona Technology – We started with a dream, to think of a company that would help companies improve their customer service through technologies such as improved reality. Now that we have become a reality, thanks to the help and constant commitment of the entire company team, we have more ambitious goals, to grow and become an Italian excellence in the world “.