(Alliance News) - The following stocks are the best and worst performers on Italy Growth Tuesday afternoon in Piazza Affari.

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WINNERS

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Riba Mundo in early days at Piazza Affari takes the top spot and rises 12 percent to EUR28.84 per share. The company started trading after a EUR5.3 million IPO, which would rise to EUR5.5 million if the over-allotment is exercised in full.

The free float is 13 percent and the market capitalization is EUR40 million.

Riba Mundo Tecnología is a technology company under Spanish law, founded in September 2018, active in the trading of consumer electronics in the B2B segment internationally. Riba Mundo uses its proprietary Marvin software to achieve the optimization of buying and selling processes, the generation of demand forecasts and the efficiency of consumer goods inventory management, according to modern data driven criteria. Riba Mundo is operational in more than 45 countries.

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Also in the black is Spindox, which picks up 5.7 percent after publishing results for the first half of the year. In fact, the company reported a value of production of EUR49.4 million, up 27 percent from June 30, 2022.

Ebitda amounted to EUR3.6 million, up 26 percent compared to the same period last year, with a margin of 7.4 percent on the value of production, in line with that of the first six months of 2022.

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LOSERS

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Circle sits at the tail end of the list, giving up 7.0 percent. The company announced on Monday that it has launched two new integrated digital solutions for supply chain planning, optimization and control.

These are MTO Planning Optimization and Best Trucker Selection, part of Milos Intelligence services, whose production value in the two-year period 2023-2024 is expected to be around EUR1.0 million.

However, in the past thirty days the stock has rallied 6.0 percent, 86 percent in the last six months, and 47 percent in the past twelve months.

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By Claudia Cavaliere, Alliance News reporter

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