(Alliance News) - Eligo Spa landed on the professional segment of Euronext Growth Milan on Wednesday, with the fashion tech company representing the 25th admission since the beginning of the year and bringing the number of companies listed on Italy Growth to 189.

Market capitalization at IPO is EUR13.9 million for the company, which offers an innovative personal styling service that accompanies users in their purchasing choices within a marketplace dedicated to Made in Italy excellence. Eligo has developed an innovative sales channel with an engaging and interactive customer experience.

Naomi Kohashi, CEO of Eligo, said, "Accessing the stock market represents the evolution of our growth path that aims to expand the business model by applying it to different vertical sectors such as beauty, home, and lifestyle. Through the proprietary ELSA platform, we aim to intercept independent and niche Italian brands, offering greater commercial strength to propose themselves through new digital marketing channels thanks to our technological expertise to compete on new global platforms."

"In fact, ELSA is synonymous with innovation in the fashion sector, able to transform the online shopping experience and the way the sales force works, guaranteeing connection and scalability of the business model. In particular, the listing will allow us to strengthen our brand and that of the Made in Italy brands, increase development in the foreign market, further develop the proprietary digital platform and expand the community of personal stylists."

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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