The company, which debuts with a value of 4.7 million euros, is the fifth to join BME's growth markets so far this year
BME Scaleup has welcomed Simply Solar today. The traditional Bell Ringing ceremony was led by Pablo Cuesta, CEO of the company, and Guillermo Azqueta, Co-Founder & Group Partner, Orbyn Group, accompanied by Jesús González, managing director of BME Scaleup.
The company, which is the fifth to debut this year on BME's growth markets, took a reference price of 4.30 euros per share, implying a total valuation of the company of 4.7 million euros.
"We are very pleased to welcome Simply Solar. With it, there are now five companies that have debuted in BME's growth markets so far this year. The pace of incorporations has been high in the first quarter of the year, which shows that companies of all sizes and sectors are aware of the advantages of being listed on the capital markets. The greater diversity among listed companies is also positive news for investors, who have more options at their disposal to compose their portfolio," explains Juan Flames, CEO of BME.
The company, which has Orbyn Capital Markets as Registered Advisor, has started its trading with the code "SCSS".
Simply Solar, as a subsidiary of Praxia Energy, is specifically dedicated to the engineering and manufacturing of photovoltaic canopies for parking areas, communication antennas, and energy communities. It is focused on innovation and simplicity, with the goal of making solar energy more affordable.
Photos of Simply Solar’s Bell Ringing are available on Flickr.
The Initial Public Offering Document of Simply Solar is available on the BME Scaleup website, where all the information related to the company and its business can be found.
The growth markets of BME (BME Growth and BME Scaleup) are aimed at small and medium-sized enterprises. In 2024, these markets welcomed 23 new companies and now have more than 150 companies listed for trading. BME Growth allows small-cap companies from all sectors, with a significant presence of technology companies, to finance their growth, with recurring access to capital increases and a broad base of national and international investors. For its part, BME Scaleup is especially oriented towards scaleups, although it is also open to other types of companies such as SMEs, REITs, or family businesses. This market adapts to the needs of these companies by relaxing the incorporation requirements while offering the necessary transparency to investors. Among the advantages of accessing capital markets for small and medium-sized enterprises are financing, reputation, visibility, a boost to inorganic growth, and greater ease in attracting and retaining talent.
With these growth markets, BME completes its service offering. BME has a market for every type of company, from the first approaches to capital markets with the formation of the Pre-Market Environment, to large companies listed on the Stock Exchange.