Trevisan, the aluminium treatment company, has become the second Italian company in two weeks to gain approval to float on Borsa Italiana, raising hopes that there is life in the initial public offerings (IPO) market.

Trevisan expects to float on the main Italian index on November 6, but needs final approval from The Commissione Nazionali Per Le Societa' e La Borsa (Consob), the market regulator.