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Boleron successfully raised 3.1 million leva from the Bulgarian Stock Exchange at a company valuation of 16.4 million leva

The first successful IPO on the BEAM market for 2024 has been realized by the company Boleron

“The original article:

The first successful IPO on the BEAM market for 2024 has been realized by the company Boleron, which successfully completed its initial public offering of shares on the Stock Exchange today, placing 955,051 new shares and raising additional capital in the amount of 3,170,769 leva.

"Investors supported the innovative insurance industry company Boleron, heralding their growing success and development. The year starts optimistically, with investors also expecting more new companies on the growth market. This is also the goal of BEAM - to discover and create new opportunities for ambitious and innovative companies," said Assoc. Prof. Dr. Manu Moravenov, Executive Director of the Bulgarian Stock Exchange.

Following the capital increase, rights over the listed shares with the stock code VLR1 will be traded on BEAM.

"Boleron" is a software platform for selling insurance from 11 insurance companies, working directly with clients and telecoms. Initially, in 2019, the fintech company started with just a few types of insurance: ski, property, and travel abroad. Today, they offer a full range of insurance products and continue to enhance their offering.

Boleron is the 17th company successfully listed on the BEAM market since its inception in 2020.

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