Italian textile machinery maker Itema files request for Milan IPO

Italian textile machinery maker Itema has filed a request to list its shares on the Milan stock exchange after shareholders approved the initial public offering plan last month, the company said on Thursday.

The shareholders also approved a capital increase related to the listing, it added.
In 2017 Itema, based in the northern Italian province of Bergamo, posted revenues of 300 million euros (267.68 million pounds).