intermonte.it

What intermonte.it does

Intermonte SIM S.p.A. is an Italian investment bank founded in 1995 and headquartered in Milan, operating across four core business areas: Sales & Advisory, Research, Investment Banking, and Global Markets, plus the Websim digital division. It serves 750+ institutional clients and Italian small/mid-cap corporates, and is recognized as the leading advisor on AIM Italia with 70%+ market share of IPOs with offer size above EUR 20 million and 50+ IPOs completed since 1998.

The firm's product set spans equity brokerage, primary market advisory and IPO sponsorship, equity research (described as the largest equity research team in Italy), fixed income (launched in June 2022), and digital retail execution through Websim, which was established in 2000 as Italy's first fintech and maintains a 50,000+ retail client base and a 20,000+ financial consultant database. The technology backbone is a multi-channel execution and distribution platform combining traditional inter-brokerage liquidity provision with the Websim digital channel.

Intermonte generated revenue through advisory mandates, brokerage commissions, fixed income trading, research subscriptions, and Websim retail execution fees. Following its October 2021 listing on Euronext Growth Milan, the firm was acquired by Banca Generali at EUR 3.04 per share and delisted on 5 February 2025; the integration is expected to contribute EUR 40-45 million of incremental annual revenue by 2030. Key senior additions in 2022-2023 across fixed income, financial sponsors, and senior advisory underscore ongoing franchise build-out alongside the Banca Generali integration.

Name

intermonte.it

Legal name

Intermonte SIM S.p.A.

Website

https://intermonte.it

Company type

Private

Founded year

1995

Operating status

Acquired

Headcount range

101–250 employees

Short description

Intermonte SIM is a Milan-based Italian investment bank founded in 1995, serving 750+ institutional clients and mid-cap corporates via advisory, equity brokerage, fixed income, research, and the Websim digital retail platform; it was acquired by Banca Generali in February 2025.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Investment Banking and Securities Intermediation (523150), Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI)

akta.pro secondary industries

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Cross-Border M&A Advisory (FSAEAGAH)

Keywords

• Investment banking
• Equity brokerage
• IPO advisory
• Market making
• Equity research

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Brokerage and Sales & Advisory: Commission-based brokerage services for Italian and European equities, corporate and government bonds, ETFs and derivatives. Advisory services for institutional portfolios and private banking networks.
2. Investment Banking: Fees from IPOs, stock and bond placements, M&A advisory, rights issues, and secondary offerings for listed and unlisted companies.
3. Global Markets: Market making and trading of listed derivatives, plain vanilla derivatives, and customized hedging products for institutional investors.
4. Websim Digital Advisory: Financial advisory services for retail clients and banking networks through the digital division.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Intermonte is an Italian investment banking firm offering brokerage, equity research, investment banking (IPOs, M&A, ECM/DCM), and market making services for institutional investors and Italian SMEs. It operates a digital advisory division, Websim, providing investment news, analysis, and consulting to retail clients and financial advisors. Following Banca Generali's 2025 acquisition, it functions as part of the Banca Generali Group while maintaining its operational focus on the Italian equity market.

Product overview

Intermonte offers a unified investment banking platform structured around four core business divisions: Sales & Advisory (brokerage and investment advisory with 750+ active clients), Research Team (equity research covering Italian stocks), Investment Banking (ECM, DCM, and M&A services), and Global Markets (options and futures market making). A fifth division, Websim (created in 2000), provides digital advisory services for retail clients. The company became part of the Banca Generali Group in 2025 following a voluntary tender offer.

Differentiator

Problem solved

Functional benefit

Brands

• Websim: Digital division offering investment news, information, and digital consultancy for retail customers and banking networks with over 25 years of experience. Includes Market Analysis and Interpretation, Customised Investment Solutions, and Strategic Asset Allocation services.

Products and services

• Sales & Advisory Brokerage and investment advisory services for institutional investors, covering Italian and European equities, corporate and government bonds, ETFs and derivatives, portfolio advice, SICAV management and consultancy for private banking networks.
• Research Team Equity research coverage of Italian stocks with focus on listed SMEs, providing daily and monthly reports, Mid/Small Caps reports, sector analysis and macroeconomic trend analysis.
• Investment Banking Full range of investment banking services including IPOs, stock and bond placements, corporate brokerage and buy-backs, private placements, rights issues, secondary offerings, M&A advisory, business valuations and financial consultancy.
• Global Markets Market making services for options and futures on individual stocks and FTSE-MIB index options, trading of listed derivatives for institutional investors, plain vanilla derivatives, customized hedging products structuring and algorithmic market making.
• Websim (Digital Division) Digital division providing investment news, financial analysis and digital consultancy for retail customers and banking networks, with a dedicated section for private bankers. Includes Websim Investment Solutions covering market analysis, customized investment solutions and strategic asset allocation.

Quantifiable outcome

• 50+ IPOs completed since 1998
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Politecnico di MilanocoreStrategic or Co-development PartnerIntermonte maintains an annual research partnership with the School of Management of Politecnico di Milano, producing the 'Quaderni di Ricerca Intermonte' - annual studies on the Italian equity market including IPO analysis, listing/delisting patterns, and market trends.
• QCapitalminorStrategic or Co-development PartnerPartnership with QCapital for innovative Club Deal initiatives to invest in Made in Italy excellence companies, announced in May 2021.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Market position

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/intermonte

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about intermonte.it