Sirma announced the launch of a dual listing procedure for its shares on the Bulgarian and Frankfurt stock exchanges.
On May 7, 2025, the Board of Directors of Sirma Group Holding decided to initiate a dual listing procedure on EuroBridge. This decision involves listing the company’s shares on both the Frankfurt Stock Exchange and the Bulgarian Stock Exchange (BSE). The company’s management will appoint a consultant to handle all necessary activities related to the listing of its shares on the Frankfurt Stock Exchange. The chosen consultant is Expat Capital plc, which will represent Sirma in connection with this listing process.
Sirma Group Holding is the second Bulgarian company to pursue a dual listing on the Bulgarian Stock Exchange (BSE) and the Frankfurt Stock Exchange, following the example of Shelly Group JSC. In recent interviews, Tsvetan Alexiev expressed his confidence in Sirma’s success, believing the company can replicate the successful listing of Shelly Group. He stated that Sirma Group Holding’s presence in the German stock market is expected to enhance the company’s visibility and recognition within two years of its listing.
Sirma’s shares have been traded on the BSE since November 23, 2015, and are currently listed in the Premium Shares segment. As of May 7 this year, the company’s market capitalization was nearly BGN 70 million. Today, the stock is priced at BGN 1.20, which represents an increase of more than 5% compared to yesterday’s market close. Over the past year, the company’s shares have appreciated by nearly 55%.
For 2024, the company’s unconsolidated revenue is projected to be just over BGN 33 million, while its consolidated revenue is expected to exceed BGN 100 million. Additionally, the company has distributed a dividend in each of the last three years.
