- The company is valued at 273.79 million euros.
- This is the second listing so far this year.
BME has welcomed IZERTIS as a company listed on the main market of the Stock Exchange, after being listed for more than five years on BME Growth. Pablo Martín, CEO of the company, performed the traditional ringing of the bell at the Palacio de la Bolsa in Madrid.
This milestone signifies the achievement of the key objectives outlined in the company's strategy, and BME's objectives to help companies advance in their financing process through the stock markets.
"This is a success that has a two-way impact. For IZERTIS, it is a key step in its growth trajectory; for BME, it represents the materialisation of one of our main objectives: to support companies in their growth journey through the unique opportunities offered by the financial markets. This milestone shows that we are moving in the right direction and that the goals we have set ourselves at BME are being met, step by step", said Juan Flames, CEO of BME, during IZERTIS' stock market debut.
For his part, Pablo Martín, believes that ‘being listed on the continuous market will help us in a new drive, which like all the previous ones will be very ambitious, sustainable and true’ and added: "During its almost 29 years of history, Izertis has maintained an impeccable path of sustained growth. We hope that in the coming years we will not only continue on this same path, but also achieve new levels, which will allow Izertis to become one of the benchmark technology consultancies in southern Europe".
The initial listing price has been set at 10.50 euros per share, which represents a market capitalisation of 273.79 million euros. The company has started trading under the ticker ‘IZER’, the same ticker used during its time at BME Growth. This is the second IPO to take place so far this year.
IZERTIS, which specialises in technology consultancy in Spain, has achieved consistent success since it became part of the BME family, first in the growth markets and now on the main stock market. During this time, the company has acquired a total of 24 new companies, increased its turnover from €48.5 million in 2019 to more than 138.1 million in 2024, and tripled the size of its talented team.
Photographs of the IZERTIS Bell Ringing are available on Flickr