Shelly Group joins the global “Unicorn” club with market cap exceeding $1 billion
Shelly Group SE has achieved a historic milestone, surpassing 1 billion USD in market capitalization and officially joining the ranks of global technology “unicorns.” This marks a major achievement not only for the company but also for the Bulgarian and regional capital markets.
Record-Breaking Performance
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. With 18,105,559 shares outstanding, the company reached a market capitalization of over EUR 847.3 million, or USD 1.002 billion. Shelly Group is also among the top five contributors to the SOFIX index, reinforcing its strategic importance within the Bulgarian economy.
A Symbol of Innovation and Growth
As the first publicly listed Bulgarian technology company to surpass the $1 billion mark, Shelly Group continues to lead in developing innovative IoT and smart home solutions, now used in over 130 countries.
“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.”
Driving Eastern European Tech Forward
Shelly Group’s milestone highlights how ambitious Eastern European companies can leverage capital markets to achieve global growth and recognition, solidifying Bulgaria’s place on the global technology map.
