Alfonsino, an innovative startup from Caserta specialized in food order and delivery will be listed on Euronext Growth Milan (formerly Aim Italia) of the Italian Stock Exchange on November 22nd, at the price of $1.8 (€1.6) per share. The date of admission to the stock exchange is scheduled for tomorrow, after Alfonsino has successfully completed the book building, with orders for about $8.5 million (€7.5 million). The offer is aimed at qualified investors and concerns newly issued ordinary shares and warrants, which will be assigned free of charge to all those who subscribe ordinary shares as part of the placement. The expected funding is approximately $5.65 million (€5 million).
The news was expected: Alfonsino in fact had submitted the application for pre-admission to the listing at the end of October. In the listing process, the company was assisted by Banca Finnat as Euronext Growth advisor and global coordinator, by Ambromobiliare as financial advisor, by Studio Porcaro e Frezza Avvocati Associati as strategic advisor, by Chiomenti as legal advisor of the issuer, by BDO Italia as auditing company, by BDO Tax as fiscal advisor, by Clarkson Hyde for the validation of extra-accounting data and by CDR Communication as investor and media advisor.
Recall that Alfonsino previously cashed in $169,000 (€150,00)0 in May 2018 through an equity crowdfunding campaign on the 200Crowd platform, with a pre-money valuation of 900 thousand euros and, in a second-round in 2020, $492,000 (€436,000) again on 200Crowd, overfunding the minimum target of $395,000 (€350,000), with a pre-money valuation of $10.7 million (€9.5 million).
Read more about Alfonsino and find the latest business news in the world with the Born2Invest mobile app. Don’t waste your time scrolling the internet, our team of seasoned writers will keep you informed with the latest market updates.
Alfonsino was founded in 2016
Alfonsino is a PMI founded in 2016 in Caserta by Carmine Iodice, Domenico Pascarella, and Armando Cipriani as an innovative startup operating in the order&food delivery sector. To distinguish itself from its competitors, the company focused exclusively on home delivery in small and medium-sized Italian centers between 25 thousand and 250 thousand inhabitants in central and southern Italy. The service is therefore available in 61 small and medium-sized centers and in the surrounding municipalities, distributed in 10 regions. The activity is governed by a technological infrastructure entirely developed by the company, thanks to a dedicated team that develops and manages both the software, which processes the orders and the app made available to customers (to order), partners (to prepare the orders) and drivers (to complete the delivery). The company has hired more than 700 drivers.
Alfonsino has integrated its offer with the order&delivery service of wines and spirits, food and basic necessities, medicines, sports products, plants, and flowers. The company also intends to extend its service to new towns and cities, including the driver-less service, and consolidate its leadership position in the towns and cities already covered, as well as to continue to expand its offer through the inclusion of new products.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Esperio Partners Review]
This week, we're here to tell you why affiliate marketing is the meaning of life. And no, that's not a...
Binance: Problems with Paysafe and SEPA – Customers Should Exchange Euro for Tether
It is known that Binance has problems with regulators in several European countries, including Germany. But the fact that support...
Qualitime Plans to Reach a Turnover of €11 Million in 2026
At the moment, Qualitime application has 1,800 registered visitors from the main laboratories in the country and about 400 health...
Peruvian Mining Companies Urged to Focus on Redouble ESG Certification Efforts
Experts recently said that the ESG certification of mining companies with operations in Peru will become increasingly important. They also...
Safeguarding Your Business Funds in Periods of Economic Uncertainty
The dust hasn’t yet settled from the 2023 banking crisis, and another closure could very well be right around the...
Biotech5 days ago
PharmaMar Increases Investment in R&D for Oncology by 23%
Cannabis2 weeks ago
CSC Bolzano – the Most Demanding CSC in the German-Speaking Area
Impact Investing3 days ago
Audax, a Low-Risk ESG Company According to Morningstar Sustainalytics ESG Rating
Fintech1 week ago
Latin American Fintech Companies that Raised the Most Capital This Year