Bee Smart Technologies entering the Bulgarian Stock Exchange

Bee Smart Technologies entering the Bulgarian Stock Exchange

Bulgarian beehive-monitoring cloud-based technology developer Bee Smart Technologies has applied for an initial public offering (IPO) on the BEAM growth market of the Bulgarian Stock Exchange, the bourse operator said.

Bee Smart Technologies will seek to place up to 43,636 ordinary registered and freely transferable shares of 1 lev in par value each priced at 27.50 levs apiece, the BSE said in a statement on Wednesday.

The total value of the offering would thus amount to just under 1.2 million levs ($639,100/613,550 euro).

First Financial Brokerage House will act as investment intermediary for the offering, for which a date is yet to be specified.

Founded in 2015, the company has developed products such as weight-measuring tool Hivebase Beebot, a device that records data on fluctuations in beehive temperature and humidity and stores it regularly in the cloud facilitating remote access.

In 2016, Bee Smart Technologies received backing by Bulgaria-based venture fund firm manager NEVEQ Capital Partners.


Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.