Shelly Group SE has reached a historic milestone, achieving a market capitalization of over 1 billion US dollars, effectively positioning the company among global technology "unicorns." This achievement marks a significant moment for the capital markets in both Bulgaria and the wider region.
On June 4, 2025 Shelly Group's stock closed at EUR 48.50 (BGN 94.858) on the Bulgarian Stock Exchange and EUR 49.30 on the Frankfurt Stock Exchange, which, based on the total number of shares – 18,105,559 – resulted in a market capitalization exceeding EUR 847.3 million, or over USD 1.002 billion.
In addition to its individual success, Shelly Group ranks among the top five contributors to the SOFIX index on the Bulgarian Stock Exchange, further underscoring its importance not only as a business leader but also as a strategic pillar of the Bulgarian capital market.
Shelly Group develops innovative IoT (Internet of Things) solutions and smart devices, already in use in homes and businesses across more than 130 countries worldwide. It is the first publicly listed Bulgarian technology company to cross the symbolic threshold of USD 1 billion in market valuation.
“This is not just our success—it’s a victory for the entire Bulgarian tech ecosystem,” said Dimitar Dimitrov, CEO and Co-founder of Shelly Group.
“Our achievement proves that a global tech breakthrough is possible from Bulgaria. It’s a recognition of our team’s dedication and the trust we’ve earned from investors and users around the world,” Dimitrov added.
Shelly Group’s milestone is a clear example of how ambitious Eastern European tech companies can leverage capital markets to fuel explosive growth and achieve global expansion.