The growth of IPOs at Milan Stock Exchange on 2017 is mainly driven by the small and medium enterprises (26 of 32 IPO’s have been listed to the AIM) which have overcame the crisis becoming more competitive and innovative and looking for funds to invest and grow. The IPO offers an interesting alternative to the bank credit due to lower requirements, easy access and reduced cost (in particular for the AIM) and arises many investors’ interest (including the PIR) into such new opportunities. Contribution of our Livio Esposizione to ItaliaOggi, March 12-th 2018.