Insurtech, Archimede SpA to Float on AIM

The Board of Directors of insurtech company Archimede S.p.A. deliberated the next formal startup of the listing process on the AIM Market of the Italian Stock Exchange targeting €30-47m funding. Archimede is the new Special Purpose Acquisition Company (Spac) promoted by insurance manager Andrea Battista, banking expert Giampiero Rosmarini and insurtech thought leader Matteo Carbone.