(Alliance News) - IMD International Medical Devices Spa made its debut on the Milan Stock Exchange on Friday after a EUR5.4 million IPO.

The free float is 15 percent and the market capitalization is EUR36.2 million. If the over-allotment is exercised, the raise would increase to EUR6.0 million.

International Medical Devices operates in the medtech sector, specifically in research and development, production, and distribution of a wide range of X-Ray diagnostic systems. Through its three operating companies - Technix Spa, IMD Generators Srl and Intermedical Srl -, the IMD group has been active in the medical field for more than 40 years, offering highly innovative and cutting-edge solutions in terms of diagnostic imaging.

Aniello Aliberti, president and CEO of International Medical Devices, said, "The listing on EGM represents a fundamental step in the growth path that will allow us both to support the development program by external lines, through M&A transactions, and the strengthening of our production and managerial capabilities. Our core business is oriented toward the continuous development of innovative technological solutions in the medical field aimed at the production of devices aimed at the preservation of health."

"Our goal, in fact, is to create value in terms of reliability and quality, positioning ourselves as a reference player capable of providing the Made In Italy efficiency and know-how that we have developed in over 40 years of activity. Confident to continue on our path with enthusiasm, we look to the future with renewed optimism, aware of achieving increasingly ambitious challenges."

"Special thanks to all the employees whose constant commitment has contributed to the growth of our group, to all the advisors who have supported us on this path of preparation for the listing, and to the investors and Dornier who have decided to put their trust in the future development project."

IMD International Medical Devices' stock is down 4.4 percent at EUR1.94 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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