IoT 1 articles

Bulgarian Shelly Group Hits $1B Valuation

By Ana Marija Kostanic

In a major milestone not just for Bulgaria, but for Europe’s tech scene at large, Shelly Group — the IoT innovator behind the well-known line of smart building solutions — has reached a market valuation of over $1B. At almost €50 per share, publicly traded under the ticker SLYG on both the Frankfurt (Xetra) and Bulgarian Stock Exchange, Shelly becomes a rare breed: a hardware-first, European-born tech scaleup that made...