Listing on the Stock Exchange in Milan (italy)
Listing on the Stock Exchange in Milan (Italy)Updated on Monday 18th April 2016
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The main stock exchange in Italy is Borsa Italiana in Milan, founded in 1808 and merged, in 2007, with another important entity – London Stock Exchange. Nowadays, Borsa Italiana is part of one of the largest exchange groups in Europe and it has over 3,000 listed companies. Borsa Italiana is an important market for stocks and also for the bonds issued by the Italian government. The entrepreneurs interested in trading stocks should know that the procedures can be made electronically.
The schedule of the Stock Exchange in Milan is divided into:
- pre-market sessions – from 8 a.m. to 9 a.m.;
- trading sessions – from 9 a.m. to 5.25 p.m.;
- post-market sessions – from 6 p.m. to 8.30 p.m.
The Italian Stock Exchange works daily, on a regular basis, except Saturdays and Sundays and public holidays that are announced in advance.
For the Italian Stock Exchange, there are approximately 130 brokers working remotely for local and international clients, through the electronic trading system.
Rules for listing on the Italian Stock Exchange
The local and foreign entrepreneurs interested in listing their companies on the Italian Stock Exchange should know the main regulations related to this procedure: Legislative Decree no. 58/1998, Consob Regulation no. 16191, Consob Regulation no. 11971 with all the amendments made in the latest years.
The Italian regulations stipulate a few criteria for listing a company on the Italian Stock Exchange. One of the most important criteria is the suitability of the applicant, who must have published financial statements for the last three years. The owner of the company to be listed must present the evaluation made by an audit firm for the latest financial statement. There is a list of minimal requirements to be fulfilled by companies that ask for listing on Borsa Italiana.
If you need to list your company on the Stock Exchange in Milan and you want to know more about the requirements, you may contact an Italian lawyer. Our law firm in Italy can offer you specific information about listing and help you get in touch with specialists who will advice you on issues related to listing on the Stock Exchange in Milan.