Italian audio manufacturer Powersoft went public this week in a move it believes will spur further growth and bolster R&D activities.
On December 17 public trading of Powersoft shares began on the AIM Italia (Alternative Investment Market), organised and managed by Borsa Italiana.
Luca Lastrucci, CEO of Powersoft, said: “We have enjoyed great success in the last few years, which has been evidenced by the significant advances we have made over the last two decades, both technologically and territorially. In order to take the next step forward, we have decided to open ourselves up to a wider world. This will, in turn, give us more capital to maintain our strong focus on R&D, which has been a key growth driver for this company since the beginning.
“As well as continuing to break new ground with our world class amplifiers, the listing will also allow Powersoft to keep its place as a global leader in the provision of OEM solutions for some of the industry’s leading loudspeaker manufacturers. We are very excited about the new opportunities this move is opening up for both Powersoft and our customers, and we look forward to maintaining the high standards that we have become known for over 23 years.”