The stock of the cloud computing company closed at 50.6 euros from the IPO price of 45 euros. With the transaction completed, the float could reach 27.7% of the capital. Approximately 32 million euros have been raised to be allocated to acquisitions of European providers working on the SAP platform.
Debuting on Aim Italia with a jump of 12.4% to 50.6 euros for Wiit (compared to the placement price of 45 euros), a company active in the market of cloud computing services for businesses. Immediately at the opening of trading, the stock surged forward by 22%, ‘beyond expectations,’ as CEO Alessandro Cozzi stated. He reiterated that the fundraising through the IPO, approximately 32 million euros (compared to the 12.8 million euros representing the Aim average), will be allocated to acquisitions of European providers working on SAP, Wiit’s reference platform.
