Pablo Martín: "Listing on the Continuous Market will give Izertis a new momentum that will be very ambitious and sustainable"
Izertis is listed today on the Continuous Market. The president and CEO of Izertis, Pablo Martin, has starred this Friday in the traditional ringing of the bell on the trading floor of the Madrid Stock Exchange in "one of the most important days in the history of Izertis", which has made the technology consulting firm the second Spanish company to be listed this year on the main segment of the Spanish stock exchange. In front of more than a hundred people, Martín is confident that this new step "will help us in a new impulse, which, like all the previous ones, will be very ambitious, sustainable and true". "We expect to achieve new levels in the coming years that will enable Izertis to become one of the benchmark technology consultancies in southern Europe".
Izertis' share price was 10.50 euros per share at the close of its last trading day on BME Growth, with a market capitalisation of 273.79 million euros. The technology consultancy firm has started trading on the stock exchange under the ticker 'IZER', the same ticker it has used during its time on the alternative market.
During his speech, the CEO of Izertis recalled his words predicting the jump to the Continuous Market five and a half years ago, on the same day that it was floated on BME Growth (25/11/2019) in an announcement which, he said, "may seem a little daring", but behind which lay "great cultural traits of Izertis: great ambition when setting goals, long-term vision for these challenges and absolute commitment to the words we take on".
"Having spent this time at BME Growth has been a great boost for our company, and our most demanding expectations have been fully met. Listing has helped us improve our organisation, giving us the resources to grow and achieving high standards of compliance and corporate governance. It has certainly been a transformative event," said Pablo Martín.
Exemplary corporate governance
The event was opened by BME's CEO, Juan Flames, who described the IPO of Izertis as a "significant milestone". During his time at BME, Izertis has developed "exemplary business management, with sound strategic decisions and a forward-looking project that has taken it to the First Division of the markets". The numbers, he added, endorse Izertis' trajectory from November 2,019 to the present day, with "24 companies integrated in its inorganic growth strategy, multiplying its revenues two and a half times and more than tripling the number of employees".
"Beyond the numbers, Izertis brings something different to society: it is a Spanish technology consultancy that combines a high technical capacity with a unique corporate culture. This combination is what allows it to stand out in its sector and achieve the highest standards of quality and competitiveness", Juan Flames emphasised. "Izertis has shown hard work, dedication and vision. He has made the most of his time in the growth markets," he concluded.
