Technogym was priced at 3.25 Euros per Share, Technogym has priced an all secondary public offering of 25 per cent of its capital at 3.25 euros a share. This offer was four times oversubscribed and gaves the company an instant market capitalisation of about 650 million euros.
Whether Technogym will see this rise on the back of strong earnings and it's exclusive partnership with the Olympic Games since Sydney 2000 remains to be seen.
Technogym was founded in 1983 and is now present in over 100 countries around the world. A staggering 35 million people regularly use their fitness products. Fitness equipment includes the latest MYRUN treadmill which gives you an incredible running experience and instant feedback at a very affordable price.
The shares were sold by Salhouse Holding and were sold to domestic and foreign investors, raising 162.5 million euros. The shares debuted on the Milan stock market on Tuesday 3rd May.