Finance
Italian SMEs outnumber main Euronext Milan listings
Published by Global Banking & Finance Review®
Posted on June 20, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 20, 2025
2 min readLast updated: January 23, 2026
Italian SMEs now outnumber main Euronext Milan listings, marking a shift in market dynamics. Despite fewer listings, the main market's capitalisation remains robust.
MILAN (Reuters) -The number of Italian small and medium-sized companies listed on the Euronext Growth Milan (EGM) platform has surpassed the number of companies on the main Milan market for the first time, a further sign of disaffection toward the stock exchange, Italy's Consob watchdog said.
As of now, there are 204 companies listed on the EGM, formerly known as Aim Italia, compared to 202 listed on the main Euronext Milan market.
At the end of 2024 there had been 209 companies traded on the main Italian market and the same number on the EGM segment, Consob said in its annual report.
Companies leaving the market this year include consumer electronics chain Unieuro and financial company Mittel, both after buyouts.
"The trend is not rosy even if it is not exclusively Italian. Other mature markets, with the exclusion of Asia, are also experiencing the same decline," the watchdog said.
The EGM is a market dedicated to small and medium-sized enterprises with high growth potential. It was created in 2009.
Market capitalisation provided a brighter picture for the main market, standing at 930 billion euros as of June 18 despite the drought in new listings and the jump in delistings, boosted by the growth in the prices of constituent companies. The value of stocks traded on the EGM was far smaller, amounting to just over 8 billion euros ($9.2 billion).
($1 = 0.8721 euros)
(Reporting by Giancarlo NavachEditing by Keith Weir)
There are currently 204 companies listed on the Euronext Growth Milan (EGM).
As of June 18, the market capitalisation of the main Milan market stands at 930 billion euros.
The trend is concerning, with a decline in listings observed not only in Italy but also in other mature markets, excluding Asia.
This year, Unieuro, a consumer electronics chain, and financial company Mittel have left the market after buyouts.
The Euronext Growth Milan is dedicated to small and medium-sized enterprises with high growth potential and was created in 2009.
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