Lazio, Nasdaq reserves ticker LZO

Three letters, an essential acronym, but one that represents a clear message to the markets: LZO. Nasdaq has reserved this ticker for S.S. Lazio, as communicated by the biancoceleste club, marking a formal step towards a presence on the world's leading technology list. It is, the club points out, 'a concrete step towards the future of the club'.

Nasdaq's OK with the ticker definition follows the move a few days ago, with Lazio's participation - represented by the general manager of the youth sector, Enrico Lotito, and Emanuele Floridi, spokesperson and head of Strategy and Communication Organisation - at the closing bell ceremony.

Now, from a technical point of view, the reservation of a ticker represents a preliminary stage: a sort of reservation of the financial identity with which a company might present itself to the market in the event of future ventures. In this sense, the assignment of LZO takes on a strategic rather than immediately economic value. Lazio speaks of 'a significant step that marks a new chapter in the club's path of growth and international opening'. The reservation of the ticker, the press release adds, 'represents a concrete sign of a broader project, which looks to the future and connects the world of football with innovation, the media and international finance, while maintaining Lazio's values, history and identity'.

Therefore, as the communiqué of the company chaired by Claudio Lotito (and whose shares are 76 per cent owned by the Lazio patron) concludes: 'LZO - Work in Progress'. The ticker will remain confidential for 24 months.