Carel has listed on the Italian stock exchange with an initial offering of 35 million shares.
This offering represents 35 per cent of the company's share capital.
The public float was offered earlier this month through private placement reserved for qualified investors in Italy and institutional investors abroad.
The shares included in the offering were sold pro-rata by Luigi Rossi Luciani Sapa and Luigi Nalini Sapa.
Carel CEO, Francesco Nalini, said the idea to list on the stock exchange, while still maintaining control of the company, is a long term project the organisation has been working on for many years.
“We believe it will be positive for long-term performance, so as to avoid resting on our laurels or becoming self-referential, while being open to the market,” Nalini said.
In a joint statement, Carel's founders, Luigi Rossi Luciani and Luigi Nalini said: ‘The decision to list on the stock exchange was taken as part of the development strategies that have always defined our company, and can therefore be considered a fundamental step in assuring further growth: being present on the financial market will in fact represent a boost and an incentive to improve even more.”