Alantra acted as joint bookrunner for the Almawave IPO on AIM Italia


ServiceEquity Capital Markets

Mar 2021

Milan – Alantra, the independent global mid-market investment banking, alternative asset management and credit portfolio advisory firm, has acted as joint bookrunner for the IPO of Almawave, a leading Italian AI-powered language recognition solutions firm, on AIM Italia the 11 March 2021. Final offering price of Almawave was €4.25 per new share, which corresponds to an initial market capitalization of €115m.

The listing, including an overallotment option, was carried out entirely through a capital increase and was aimed at Italian and international institutional investors. The funds raised via the IPO will support Almawave’s international growth and M&A strategy. This has been the biggest IPO on AIM Italia so far, with a total placement value of €30m.

Almawave is a leading Italian company specializing in AI technologies and services applied to big data, natural language processing (NLP), and speech recognition. The firm’s proprietary technologies, products and solutions help corporate and public clients transform their CRM and advanced analytics information into actionable insights to optimize customer experience. The company has more than 220 professionals across three international subsidiaries (Almawave do Brasil, Almawave USA and PerVoice), and a dedicated technology lab. The company has more than 220 professionals well-versed in enabling technologies and main frameworks—Big Data, Data Science, Machine Learning, AI Architectures, and Integration—as well as a deep knowledge of Integration.

The book building process for this IPO was oversubscribed and offers were received from leading Italian and international institutional investors.

This the second IPO in a row advised by Alantra Italy in the artificial intelligence space, after the IPO of eViso in December 2020. With this transaction, Alantra has completed 10 IPOs in Italy over the last two years, and this is the third in the past three months. This excellent result further strengthens the firm’s expertise in the equity capital market and in the technology space. 

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