For years, when companies wanted to go public, there were only a few obvious destinations: New York, London, maybe Hong Kong. Italy rarely made that shortlist. It wasn’t seen as a capital markets trendsetter. It wasn’t competing in the same league when it came to IPO innovation. But something interesting has changed. Italy has quietly introduced a new IPO governance framework — part of its broader Capital Markets Law reforms — and it’s forcing policymakers, investors, and cor