NextGeo Initial Public Offering Case Study

This case study outlines the Initial Public Offering (IPO) of NextGeo, which was advised by Alantra and listed on the Euronext Growth Milan. The shares began trading on 22 May 2024, with Alantra serving as the Euronext Growth Advisor and Joint Bookrunner alongside Banca Intesa. NextGeo, an international provider of marine geoscience and offshore construction support services, has a market capitalization exceeding €300 million, making it the largest company listed on Euronext Growth Milan. The case study details the extensive pre-marketing and roadshow conducted by Alantra, which resulted in a two times oversubscribed order book totaling approximately €120 million. The firm successfully raised €60 million from reputable institutional and professional investors. The case study also highlights the strategic importance of securing a significant investment from an anchor investor early in the process, which contributed to the strong interest in the IPO and the overall success of the transaction.