Bulgarian technological company Helios Marine said on Tuesday that it has raised some 2.44 million euro ($2.84 million) in an initial public offering (IPO) held on May 20 on the BEAM market of the Bulgarian Stock Exchange.
Investors subscribed and paid for 278,671 new ordinary shares in Helios Marine, with a nominal value of 0.51 euro and an issue value of 8.75 euro each, the company said in a bourse filing.
As a result of the successful offering, Helios Marine's capital will be increased to 1.22 million euro, divided into 2.39 million shares.
The proceeds from the offering will be used to expand production, develop new products and provide working capital to meet orders, Helios Marine said earlier this month. The company also inaugurated its new electric vessels production base in the seaside city of Burgas.
Founded in 2021, Helios Marine develops electric vessels, battery systems and intelligent management platforms with full vertical integration.
(SeeNews, May 26, 2026)
