Yakkyo Admitted to Trade on Euronext Growth Milan, After Two Crowdfunding Campaigns

Yakkyo SpA , an innovative SME that develops integrated software solutions for the dropshipping and wholesale sales process , has announced the admission to trading of its shares on Euronext Growth Milan – Professional Segment (“ EGM-Pro ”), managed by Borsa Italiana, with trading scheduled to begin on December 29th, 2023.

Yakkyo had been the protagonist of two rounds of equity crowdfunding, both on Mamacrowd. In 2017 closed the first campaign by raising €260,000 from 46 investors with a pre-money valuation of €2.4 million.

In 2020, the startup closed a second round with a raising of €488,000 from 243 investors and with a pre-money valuation of €8.25 million.

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“Just listing” placement

Yakkyo’s admission to trading on EGM-Pro took place without the placement of newly issued ordinary shares, thus constituting the first ” just listing ” operation on the Italian Stock Exchange. In the future, the Company will evaluate, also on the basis of market conditions, the opportunity to raise capital and move to the Euronext Growth Milan segment.

The Professional Segment of Euronext Growth , dedicated to professional investors, is designed to satisfy the listing needs of an audience of company issuers who wish to access the market more gradually, progressively equipping themselves with the necessary structures suited to operating on the market open to retail investors.

Precisely for this reason, the regulatory approach of the Professional Segment is characterized by regulatory flexibility, minimal bureaucracy and simplicity of access.

Giovanni Conforti , President and CEO of Yakkyo SpA: “After the fundraising and crowdfunding operations, which allowed the initial development of the Company, the listing on the stock exchange represents a strategic step for the development of Yakkyo. The listing, in fact, will allow us to accelerate our organic growth, consolidate our presence abroad and enhance our platform by making the most of the technological drivers linked to Artificial Intelligence”.

Who is Yakkyo

Yakkyo is an innovative SME that deals, on behalf of its e-Commerce customers, with the procurement, storage and logistics phase of goods worldwide, through the proprietary Yakkyofy platform .

It is the only company based in Europe that develops integrated software solutions for the dropshipping and wholesale process of third-party products through the use of AI.

Starting from 2022, Yakkyo has focused its R&D activities on AI-based technologies and applications with the aim of providing further support to its customers in the crucial phases of launching and promoting their online stores/brands.

This led to the birth of Pandarocket.ai , a suite equipped with AI that allows customers to significantly optimize a series of activities ranging from market analysis to the definition and implementation of product launch strategies, the creation of marketing material, the refinement of landing pages and identification of customer segments.

Through Pandarocket, the company offers its customers a cutting-edge tool that allows them to automate e-Commerce, simplifying the purchase and shipping of products from all over the globe, to allow customer companies to focus on sales and marketing activities, guaranteeing a catalog with over 14 million products.

In the first 9 months of 2023 Yakkyo generated a Production Value of €3.7 million with an EBITDA margin of 8.5% and positive cash Net Financial Debt of €0.2 million.

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(Featured image by fathershops via Pixabay)

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