Trading is scheduled to begin Friday, December 3, 2021
Borsa Italiana S.p.A. has ordered the admission to trading of Datrix S.p.A.’s ordinary shares on Euronext Growth Milan, Datrix announced today.
Trading is scheduled to begin Friday, December 3, 2021. The ordinary shares have been assigned the ISIN code IT0005468357, while the ticker is DATA. The minimum trading lot is 500 shares.
Admission took place following the placement aimed at qualified investors, both Italian and foreign, of a total of 3,659,000 newly issued ordinary shares at a price of € 4.10 each. The shares placed are all resulting from the capital increase approved on 12 October 2021 and as a result of the operation, resources were collected for a total value of approximately Euro 15 million.
It should be noted that Datrix has issued ordinary shares and multiple voting shares (which give the right to 3 votes each) and that due to the effect of the operation will be admitted to trading on Euronext Growth Milan all n. 8,934,600 ordinary shares (also including the shares issued in the context of the capital increase) while the n. 6,955,500 multiple voting shares will not be admitted to trading.
Datrix is active in the field of Big Data analysis, developing AI-based solutions of augmented analytics and machine learning to promote its customers’ data-driven growth. With four offices in Italy (Milan, Rome, Cagliari and Viterbo) and one in the U.S.(New York), Datrix serves over 300 active customers.
Datrix operates in four business areas:
- It develops solutions to increase companies’ marketing & sales performance, leveraging internal corporate data and external alternative data;
- It develops solutions that use unconventional alternative data (extracted from search engines, social networks, blogs, and other forums) to improve the performance of institutional and private investors in stock picking, identification of innovative investment themes and ESG scoring;
- It applies Artificial Intelligence to data monetization, in order to create a circular and transparent value from data obtained with users’ consent;
- It uses a machine-learning algorithmic framework to develop transparent and scalable analytics models that support organizations in opening new business frontiers, e.g., by predicting future trends, consumption, purchases, risks, maintenance and procurement needs, and process automation.
Datrix does an exceptional job integrating data from a wide variety of sources: online and offline, internal and external, structured and unstructured (i.e., extracted from textual sources, images, and videos). Datrix’s solutions are transparent to all the users: they are never “black box.” Datrix uses sustainable, agile, flexible and scalable infrastructures such as the cloud to optimize resources and reduce waste.
"At Datrix, we’re passionate about the importance of data for decision-making”,
said Datrix Cofounder, President and CEO Fabrizio Milano d’Aragona.
“Above all, we’re passionate about human intelligence. Our group of companies seeks not to replace, but to augment human intelligence as we apply scalable Artificial Intelligence solutions to data. Each company’s human experts retain the final decisions over which actions to take among those the technology suggests. The right combination of human factors and automated analytics systems offers compelling competitive advantages to companies in all industries, of all sizes — because that combination alone improves agility, adaptability, business performance and sustainable economic growth. The capital we raised on Euronext Growth Milan will provide important new resources for growth. We’ll use those resources to internationalize Datrix even more, in particular by expanding further in the U.S. market and by developing more distribution partnerships; to bring Artificial Intelligence not only to large companies, but also to SMEs through affordable and easily implemented solutions; to continue to invest in Research & Development (we’re already involved in five European projects, including three in biotech); and to proceed with new acquisitions to strengthen the four areas in which Datrix operates (the U.S. company Adapex joined our data monetization business a month ago). Everything has been and will be possible thanks to the passion for work of each of the employees of the parent company and our tech companies — 3rdPlace, ByTek, FinScience, Adapex and PaperLit — and to our valued customers. Our gratitude goes also to the management, to the Board of Directors and the Board of Auditors, to the shareholders who have supported the founders, and to the valuable collaboration of our advisors."
Alantra acted as Euronext Growth Advisor and Global Coordinator, Gianni &Origoni as deal counsel, Urania Corporate Finance acted as financial advisor, DMG&Partners as tax advisor, BDO Italia S.p.A. as auditing firm for the preparation of the Admission Document, and Spriano Communication as communication advisor.
The admission document is available at the company’s registered office and in the Investor Relations section of Datrix website.
For the dissemination of regulated information, the Company makes use of the “eMarket SDIR” dissemination system managed by SPAFID Connect S.p.A.
Images of the listing ceremony