Sirma Group Holding, one of the largest software groups in South Eastern Europe, will start initial public offering on the Bulgarian Stock Exchange in the beginning of September 2015.
The company plans to raise between BGN 22 mln. (EUR 11.3) to BGN 35 mln. (EUR 15.6) by offering 16 mln. new shares as well as 2 491 858 existing ones at issue price range BGN 1.20 – BGN 1.65 per share. Currently the capital is BGN 49.84 mln. IPO will be considered successful at subscribing minimum of 8 mln. shares.
Sirma IPO is very much expected at the Bulgarian stock market since this will be the first large company from the fast growing IT sector to become a public company. In an interview for financial media CEO Tsvetan Alexiev explained the management views getting listed on the Bulgarian Stock Exchange as a path towards the sustainable future of the group.
Sirma Group Holding is a holding company with over 23 years of successful history and currently is one of the largest software groups in Southeast Europe. The company has successfully completed hundreds of ICT projects across Europe, USA, Latin America, Asia and Africa. Among their partners and customers are multinational IT giants like Oracle, Microsoft, IBM, Hewlett Packard, Siemens, as well as public and governmental institutions. Among the champion projects of the group are the platforms for dynamic semantic publishing for the BBC’s web portals for the 2010 FIFA World Cup and the 2012 Summer Olympics in London, the Financial Times and AstraZeneca.