Genenta Science SpA, an Italian gene therapy company, began trading on the US Nasdaq market on 15 December following an initial public offering that yielded gross proceeds to the company of about $36 million. On the second day of trading, the company had a market capitalisation of $196 million. Genenta is one of many European company to list on Nasdaq in order to broaden its investor base and establish a commercial presencez in the US.