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Special-purpose acquisition company Archimede listed on AIM Italia

Special-purpose acquisition company Archimede was admitted to the Italian stock index AIM Italia on May 21.

AIM Italia is the Borsa Italiana market for Italy's small and medium-sized enterprises.

Specializing in the acquisition of stakes in listed and nonlisted insurtech companies, Archimede raised €47 million prior to being admitted to the exchange, with 70.85% of the company floated.

UniCredit Corporate & Investment Banking acted as global coordinator, while Banca Finnat Euramerica SpA was the nominated adviser and specialist.