This way the organization becomes the first Bulgarian company with shares in the Frankfurt Stock Exchange
8 November 2021, Sofia – The leading IoT company Allterco (BSE: A4L) will now trade its shares on the Frankfurt Stock Exchange. The expected date of admission to trading is November 19, 2021, and the first date for trading in Frankfurt – November 22, 2021. Thus Allterco becomes the first Bulgarian company whose shares are admitted to trading on the Frankfurt Stock Exchange.
The listing of Allterco’s shares on the Frankfurt Stock Exchange is yet another big step in the company’s development. It has been a public organization since 2016, when it stepped on the Bulgarian Stock Exchange and to this day continues to develop extremely dynamically and successfully, both in Bulgaria and on the international market. After the reported high financial results in the first 9 months of 2021, the company’s shares rose, reaching a value of 24.20 BGN as of November 8, 2021. Trading in two markets will now give the company even greater chances to develop its potential, as more investors will have access to the shares. For the listing procedure on the Frankfurt Stock Exchange, Allterco works with consultants from Expat Capital AD and Spasov & Bratanov Law Firm.
“The listing on the Frankfurt Stock Exchange is a big goal of ours, which we have been actively striving for over a year, and we are extremely pleased that it will soon be a fact. Moreover, Allterco will be the first company to be admitted to trading on the Frankfurt Stock Exchange. This is a proof of our great ambitions for growth and development, but also of our great dedication to the business and the potential that Allterco has to create a revolution in the IoT market” – commented Dimitar Dimitrov, CEO of Allterco.
The past months have been extremely successful for Allterco and the company has registered high financial results despite the current dynamic situation. Less than a month ago, the company launched a new, innovative series of Shelly products – the Shelly Plus line. The first two devices from it – the Shelly Plus 1 and Shelly Plus 1PM relays, provide perfect control over every smart home and building and are already for sale, enjoying great consumer interest.