Among all the measures of Maneuver 2025 there is also the extension of IPO bonus in favor of companies that go public on the stock exchange. The measure has favored a real acceleration of the listing procedures (Initial Public Offering) among small and medium-sized Italian companies, swelling the ranks of Euronext Growth Milan, the market with high growth potential dedicated to SMEs.
Bonus extended until 2027
The so-called IPO bonus was extended until 2027. It is the first time since its introduction in 2018 that the measure has been extended for a time horizon longer than one year. This will avoid the traditional “pressing” that market operators annually ask parliamentarians and the Government to receive an extension of the measure, also offering certainty to those who are planning the listing on the regulated market.
What it’s about
The IPO bonus is a tax credit for SMEs who decide to list on a regulated market or in multilateral trading systems of a Member State of the European Union or of the European Economic Area. The tax credit is equal to 50% of consultancy costs incurred for the listing (financial legal advisors and so on) up to a maximum of 500,000 euros.
Strongly growing prices thanks to the bonus
In four years, the tax incentive has favored astrong growth in listing operationswith beyond 90 IPOs and a total amount of tax benefits of approximately 40 million eurosas quantified by AssoNEXT, the association of companies listed and in the process of being listed on the EGM market.
“The listing on EGM is confirmed as driving force of growth and development of small and medium-sized enterprises – it is subtlone – both thanks to financial resources collected in IPO for investments and aggregations, both for benefits deriving from the listing itself: visibility and credibility, opening of capital to new investors and management of generational transitions, managerialization and better governance”.
The market EGM has grown a lot since 2016, thanks to the combined effect of the Individual Savings Plans (PIR) and the Tax Credit on IPOs, recording growth by 155% in terms of society listed and 229% in terms of capitalization compared to 2016. Today the total capitalization of EGM has exceeded 9.4 billion euros.
