Successful listing of Tatatu S.p.a’s shares on Euronext Growth Paris

Tatatu S.p.A. (the “Company”), owner of TaTaTu, the first social media and entertainment app that rewards users for the results they help generate by spending time on the platform, today announced that it has successfully completed admission to trading on Euronext Growth Paris, Private Placement segment (with the ticker: ALTTU).

TaTaTu was founded in 2020 by well-known film producer Andrea Iervolino with the goal of becoming one of the social and entertainment platforms that users around the world cannot do without. The Company firmly believes that its achievements should be shared among the different players in the social media scene, thus: (i) the platform, (ii) the content creators, and (iii) the users, and this constitutes a new and fairer approach to this business, which the Company believes will be recognized and appreciated by users and is the basis of its vision of a“sharing economy.”

The “direct listing” was completed today with the admission to trading of 814,265,232 shares, at a reference price of € 2.00 per share, which corresponds to the subscription price of a recent private placement carried out in the weeks leading up to the listing. Therefore, the Company’s share capitalization as of the date of listing is approximately € 1.6 billion.

Andrea Iervolino, founder and CEO of Tatatu S.p.A., said: “Today we celebrate the success of our direct listing transaction on Euronext Growth Paris.. This represents a key stage in a journey that will lead to an irreversible change in the relationship between social media users, their data, and the Web. It will help us achieve our goals as we begin a crucial phase in our company’s development process. I would like to thank Euronext and our stakeholders for their enthusiasm in supporting us.”