Wiser Technology (BSE: WISR*) has been recognized at the 24th annual Bulgarian Stock Exchange awards with the distinction of “Issuer that raised the highest amount of capital on the Main Market of BSE”. The honor was presented by Ms. Radoslava Maslarska, Chairwoman of the Bulgarian Association of Licensed Investment Intermediaries (BALII), and accepted by Mr. Kosta Jordanov, CEO of Wiser Technology.
“I want to thank our investors for their trust and confidence in Wiser Technology. Their support has been instrumental in helping us achieve these milestones and positioning us to drive our international expansion,” said Kosta Jordanov, CEO of Wiser Technology. “We greatly appreciate the Bulgarian Stock Exchange for playing a key role in our journey, providing the platform that connected us with diverse investors and secured the funding needed to realize our ambitious plans,” Jordanov added.
Over the course of 2024, Wiser Technology raised €22.6M, fueling a 281% increase in its shareholder base and driving its share price up by 27%. By year-end, the company had become the third most traded stock on the BSE, while its free float reached 48%. The team shares that the company reached €43M market cap, reflecting a 187% year-over-year capital appreciation – solidifying its foundation for sustainable, long-term growth.
During the year, Wiser Technology also joined BGBX40, BGTR30, and the Premium Segment of the Bulgarian Stock Exchange – becoming just the tenth company in this exclusive tier. These achievements underscore how a locally founded IT services company can access substantial funding from the domestic capital market, expand its shareholder base, and compete internationally.
Looking ahead to 2025, Wiser Technology claims it is in a strong position to advance its international expansion, finalize its post-M&A integration efforts, and invest in new growth initiatives reinforcing its market-leading position and delivering lasting value for shareholders.
*As of 06 January 2025, the BSE code (mnemonic) for the issue of shares was modified from BNR to WISR.
