ROME, Dec. 29 (Xinhua) — According to the Ansa News Agency, 39 companies went public on the Italian Stock Exchange this year, resulting in a significant expansion of the exchange’s total market capitalization to nearly 40 percent of the country’s gross domestic product.
As of the last trading day of the year, the Milan-based exchange had a market capitalization of 761 billion euros (843 billion U.S. dollars), representing a 21.6 percent increase from the previous year’s market capitalization of 626 billion euros.
2023 was an exceptionally strong year for the Milan bourse, with its main index reaching its peak earlier in the month at 30,427 points, the highest level since 2008, Ansa reported.
The Italian Stock Exchange’s market capitalization now represents 39.4 percent of Italy’s economy, marking an increase from 33.9 percent the previous year.
Out of the 39 newly listed companies, 36 made their debut through Initial Public Offerings (IPOs), adding to a total of 429 companies trading on the Italian Stock Exchange. (1 euro = 1.11 U.S. dollar)
