Izertis plans to go public on the MAB before the end of November
With an offer of two million shares and an initial price per share of 1,70 €, Izertis expects to debut in the Alternative Stock Market (MAB) before the end of November, thus becoming the second Asturian company to quote on the MAB.
For Pablo Martín, President and Managing Director of the company, the IPO will help the company to keep on growing «at the same rate or even higher».
Positive growth forecasts
In the last 10 years, Izertis has gone from a consolidated income of 3.9 million euros and a workforce of 84 employees to 38 million income with a total of 628 employees at the end of the year 2018.
This year, the company estimates to reach 46,5 million euros and an adjusted EBITDA margin of 10% over total revenues.
By 2020, these revenues are expected to increase between 15% and 20% compared to 2019 and to keep an EBITDA margin of 10 % on them.
«This IPO strengthens our growth plan, reinforces the position of the brand and will help us to improve our management, says Pablo Martín.
Digital Transformation in all sectors
With more than 20 years of history and presence in more than 49 countries, Izertis enforces its position in the technology market as a strategic consultant in the field of Digital Transformation and Innovation, helping companies of all sectors in their digital transformation.