MILAN ( – Negotiations will start for Portobello from Friday. Today, the go ahead was given for opening the negotiations on the Aim Italia market. The total value of the resources collected through the placement of the shares is approximately 2 million euros. The admission to listing was followed by the placement of 444,300 newly issued ordinary shares. The unit price of the shares is equal to 4.40 euros each. The expected market capitalisation is close to 12 million euros. The post-listing transaction free float will be equal to 16.3% of the share capital. The minimum lot has been set at 300 shares. The company has about 20 employees and closed 2017 with revenues of approximately € 10.0 million, a gross operating margin (EBITDA) of € 0.5 million, a net profit of over € 0.3 million and net cash of € 0.5 million. After placement, the share capital will be 515,270 euros, consisting of 2,715,800 shares. To assist the company in the listing operation: Integrae SIM (Nominated Adviser and Global Coordinator), Morri Rossetti e Associati and Simmons & Simmons (Law Firm), Nexi Audirevi (Auditing Firm and Manager of the fiscal and financial due diligence). HI Capital Advisors, IR Top Consulting and KT & Partners acted as financial advisors.