{
 "as_of": "2026-11-06",
 "cmr": "it-cm-kg/MTAA/IT0005054967",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# RAI WAY (Euronext Milan: IT0005054967) — research page\n\nAs of 2026-11-06 · it-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is RAI WAY, listed on Euronext Milan under ticker IT0005054967, with ISIN IT0005054967 and LEI 815600303CCB3CFD2264. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 47 filings in the twelve months to 2026-11-06, across 21 filing days. The median gap between filing days is 7.5 days, against a median of 7.0 days for the 195 issuers on Euronext Milan. Days from the latest filing to the record date are 98, against a median of 4.0 days for the exchange. The median filings per issuer on Euronext Milan is 47. The sector median is not on the record. The latest filing is dated 2026-07-31 and is of type REGEM, under article 65-ter, comma 1-bis of Consob Regulation 11971/1999.\n\n## Auditor\n\nThe auditor of record is not on the record, and neither is its location. The auditor changes on the record are not on the record, because the register has no lifecycle type map yet.\n\n## Events and halts\n\nThe listing, delisting, name change, domicile change and segment move lines are not on the record, because the register has no lifecycle type map yet. The halt flag shows the issuer as listed, not halted.\n\n## Orderability\n\nThe outcome cannot be determined. The chapter's orderability section carries no client categories, so the outcome cannot name a client category. The rule version is acm-68000/it/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 7 research houses: Akros, Banca IMI, Equita, Intermonte, Kepler Cheuvreux, Mediobanca and Morgan Stanley.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market has no earliest sealed date, and the live record began date is not on the record.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://firds.esma.europa.eu/firds/ (identity.exchange)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.it-cm-kg.ai/events/MTAA/IT0005054967 (the disclosure lines)\n- https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current) (the halt flag)\n- https://it.eu-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.raiway.it/en/investors/share-information/analyst-coverage-and-consensus (coverage)\n- https://mcp.it-cm-kg.ai/record/MTAA/IT0005054967 (the record)\n",
 "market": "IT",
 "node": "it-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the IT vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "IT",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "IT",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "IT",
    "state": "not_on_record"
   },
   "changes": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "it-cm-kg/MTAA/IT0005054967",
  "coverage": {
   "count": 7,
   "houses": [
    {
     "analyst": "Andrea Todeschini",
     "house": "Akros",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.raiway.it/en/investors/share-information/analyst-coverage-and-consensus",
     "state": "sourced"
    },
    {
     "analyst": "Andrea Devita",
     "house": "Banca IMI",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.raiway.it/en/investors/share-information/analyst-coverage-and-consensus",
     "state": "sourced"
    },
    {
     "analyst": "Milo Silvestre",
     "house": "Equita",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.raiway.it/en/investors/share-information/analyst-coverage-and-consensus",
     "state": "sourced"
    },
    {
     "analyst": "Giorgio Tavolini",
     "house": "Intermonte",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.raiway.it/en/investors/share-information/analyst-coverage-and-consensus",
     "state": "sourced"
    },
    {
     "analyst": "Javier Borrachero",
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.raiway.it/en/investors/share-information/analyst-coverage-and-consensus",
     "state": "sourced"
    },
    {
     "analyst": "Fabio Pavan",
     "house": "Mediobanca",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.raiway.it/en/investors/share-information/analyst-coverage-and-consensus",
     "state": "sourced"
    },
    {
     "analyst": "Lindsey Zastawny",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.raiway.it/en/investors/share-information/analyst-coverage-and-consensus",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.raiway.it/en/investors/share-information/analyst-coverage-and-consensus",
     "result": "read: 7 of 14 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 195,
     "median_cadence_gap_days": 7,
     "median_filings": 47,
     "median_latency_days": 4,
     "name": "Euronext Milan"
    },
    "sector": {
     "market": "IT",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "1.1 Informazioni periodiche previste dalla regolamentazione Tutte le informazioni comunicate ai dell'articolo 4 della direttiva 2004/109/CE Relazioni finanziarie annuale e relazioni di revisione annuali": 2,
    "1.1,3.1": 4,
    "1.2 Informazioni periodiche previste dalla regolamentazione Tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate": 4,
    "3.1 Ulteriori informazioni previste dalla regolamentazione che le disposizioni legislative di uno Stato membro impongono di comunicare Tutte le informazioni che non rientrano nelle sottoclassi di cui ai punti 1.1, 1.2 e 1.3 e ai punti da 2.1 a 2.6, ma che l'emittente, o qualsiasi altra persona che abbia chiesto l'ammissione di valori mobiliari alla negoziazione in un mercato regolamentato senza il consenso dell'emittente, ha comunicato in ottemperanza a un obbligo previsto dalle disposizioni legislative, regolamentari o amministrative di uno Stato membro adottate ai sensi dell'articolo 3, paragrafo 1, della direttiva 2004/109/CE Ulteriori informazioni previste dalla regolamentazione che le disposizioni legislative di uno Stato membro impongono di comunicare": 11,
    "3.1,REGEM": 6,
    "REGEM Informazioni previste dall'art. 65,ter, comma 1- bis del Regolamento Consob n.11971/1999 Tutte le informazioni che non rientrano nelle precedenti sottoclassi e che sono comunque da diffondere e stoccare con le modalità previste per le informazioni regolamentate A titolo esemplificativo: le informazioni periodiche aggiuntive di cui all'art. 82-ter del Regolamento Consob 11971/1999, le informazioni da pubblicare ai sensi dei regolamenti delle società di gestione dei mercati con le modalità previste per le informazioni regolamentate": 20
   },
   "cadence_median_gap_days": 7.5,
   "filing_days": 21,
   "filings": 47,
   "latency_days": 98,
   "latest": [
    {
     "category": "REGEM Informazioni previste dall'art. 65,ter, comma 1- bis del Regolamento Consob n.11971/1999 Tutte le informazioni che non rientrano nelle precedenti sottoclassi e che sono comunque da diffondere e stoccare con le modalità previste per le informazioni regolamentate A titolo esemplificativo: le informazioni periodiche aggiuntive di cui all'art. 82-ter del Regolamento Consob 11971/1999, le informazioni da pubblicare ai sensi dei regolamenti delle società di gestione dei mercati con le modalità previste per le informazioni regolamentate",
     "date": "2026-07-31",
     "source": "https://www.1info.it/PORTALE1INFO/Pdf/Pdf?pdf=1653_170537_2026_oneinfo&data=2026&filetype=comunicati",
     "title": "Avviso relativo alla pubblicazione della Relazione finanziaria semestrale al 30 giugno 2026 (che sarà pubblicato sul quotidiano Il Sole 24 ore dell’1 agosto 2026)",
     "type": "REGEM Informazioni previste dall'art. 65,ter, comma 1- bis del Regolamento Consob n.11971/1999 Tutte le informazioni che non rientrano nelle precedenti sottoclassi e che sono comunque da diffondere e stoccare con le modalità previste per le informazioni regolamentate A titolo esemplificativo: le informazioni periodiche aggiuntive di cui all'art. 82-ter del Regolamento Consob 11971/1999, le informazioni da pubblicare ai sensi dei regolamenti delle società di gestione dei mercati con le modalità previste per le informazioni regolamentate"
    },
    {
     "category": "1.2 Informazioni periodiche previste dalla regolamentazione Tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate",
     "date": "2026-07-31",
     "source": "https://www.1info.it/PORTALE1INFO/Pdf/Pdf?pdf=1653_170471_2026_oneinfo&data=2026&filetype=comunicati",
     "title": "Publication of the half-year financial report at 30 june 2026",
     "type": "1.2 Informazioni periodiche previste dalla regolamentazione Tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate"
    },
    {
     "category": "1.2 Informazioni periodiche previste dalla regolamentazione Tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate",
     "date": "2026-07-31",
     "source": "https://www.1info.it/PORTALE1INFO/Pdf/Pdf?pdf=1653_170470_2026_oneinfo&data=2026&filetype=comunicati",
     "title": "Pubblicazione della Relazione finanziaria semestrale al 30 giugno 2026",
     "type": "1.2 Informazioni periodiche previste dalla regolamentazione Tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate"
    },
    {
     "category": "1.2 Informazioni periodiche previste dalla regolamentazione Tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate",
     "date": "2026-07-30",
     "source": "https://www.1info.it/PORTALE1INFO/Pdf/Pdf?pdf=1653_170408_2026_oneinfo&data=2026&filetype=comunicati",
     "title": "Rai Way approves results of the first half 2026",
     "type": "1.2 Informazioni periodiche previste dalla regolamentazione Tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate"
    },
    {
     "category": "1.2 Informazioni periodiche previste dalla regolamentazione Tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate",
     "date": "2026-07-30",
     "source": "https://www.1info.it/PORTALE1INFO/Pdf/Pdf?pdf=1653_170407_2026_oneinfo&data=2026&filetype=comunicati",
     "title": "Rai Way approva i risultati del primo semestre 2026",
     "type": "1.2 Informazioni periodiche previste dalla regolamentazione Tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate"
    }
   ],
   "latest_filing_date": "2026-07-31",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.it-cm-kg.ai/events/MTAA/IT0005054967",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "Euronext Milan"
   },
   "isin": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "IT0005054967"
   },
   "jurisdiction": {
    "market": "IT",
    "state": "not_on_record"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN IT0005054967)",
    "state": "sourced",
    "value": "815600303CCB3CFD2264"
   },
   "name": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "RAI WAY"
   },
   "sector": {
    "market": "IT",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "IT",
    "state": "not_on_record"
   },
   "segment": {
    "market": "IT",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "IT0005054967"
   },
   "website": {
    "market": "IT",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "IT",
  "node": "it-cm-kg",
  "numbers_hash": "sha256:bce6f348517b4210b00f8b335bf75984ad1800b037cd469b00bb171b2ac0db0a",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://it.eu-cm-kg.ai/book/aio.json",
    "door": "https://it.eu-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/it/mifid-ii-product-governance/r1",
   "section": "it.aio.v5"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.it-cm-kg.ai/record/MTAA/IT0005054967",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:bce6f348517b4210b00f8b335bf75984ad1800b037cd469b00bb171b2ac0db0a",
 "path": "/it/MTAA/IT0005054967",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is RAI WAY, listed on Euronext Milan under ticker IT0005054967, with ISIN IT0005054967 and LEI 815600303CCB3CFD2264. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 47 filings in the twelve months to 2026-11-06, across 21 filing days. The median gap between filing days is 7.5 days, against a median of 7.0 days for the 195 issuers on Euronext Milan. Days from the latest filing to the record date are 98, against a median of 4.0 days for the exchange. The median filings per issuer on Euronext Milan is 47. The sector median is not on the record. The latest filing is dated 2026-07-31 and is of type REGEM, under article 65-ter, comma 1-bis of Consob Regulation 11971/1999.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, and neither is its location. The auditor changes on the record are not on the record, because the register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The listing, delisting, name change, domicile change and segment move lines are not on the record, because the register has no lifecycle type map yet. The halt flag shows the issuer as listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome cannot be determined. The chapter's orderability section carries no client categories, so the outcome cannot name a client category. The rule version is acm-68000/it/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 7 research houses: Akros, Banca IMI, Equita, Intermonte, Kepler Cheuvreux, Mediobanca and Morgan Stanley.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market has no earliest sealed date, and the live record began date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://firds.esma.europa.eu/firds/"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.it-cm-kg.ai/events/MTAA/IT0005054967"
  },
  {
   "for": "the halt flag",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)"
  },
  {
   "for": "the orderability chapter",
   "source": "https://it.eu-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.raiway.it/en/investors/share-information/analyst-coverage-and-consensus"
  },
  {
   "for": "the record",
   "source": "https://mcp.it-cm-kg.ai/record/MTAA/IT0005054967"
  }
 ],
 "title": "RAI WAY (IT0005054967) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}