SBE-Varvit SpA (Ticker: VARV IM) is an Italian mechanical fasteners (e.g. nuts, screws and bolts) producer for the automotive industry. The company, currently owned by Vescovini Group, will list its ordinary shares on Euronext Growth Milan, Italy, on Tuesday, November 14, 2023. SBE-Varvit is offering up to 3 million shares at a price of EUR 8.33 each. The expected Market Capitalization at offer is EUR 975 million (USD 1.04 billion), and the total offer size is EUR 25 million (USD 26.68 million). This offering includes a greenshoe option for potential additional share sales. The IPO share placement with an extraordinarily small free float of just 2.5% was reportedly targeted at qualified investors in the EEA, the United Kingdom, and certain foreign institutional investors. UniCredit and Equita SIM are managing the offering.