• News
• Business
• Society
• Life
• Discover Romania
• Regional
• Video
• Corporate

“AROBS Transilvania Software came to the Bucharest Stock Exchange at the end of 2021, following the largest private placement of shares conducted on the AeRO market, through which it raised RON 74.2 mn from investors. In its 25 years of activity, AROBS, representing a dynamic sector of our economy, has achieved a series of notable accomplishments, and we are pleased to see that these successes are reflected in its performance on the stock exchange. In less than two years since its listing on the AeRO market, AROBS became the issuer with the most traded shares on the AeRO market in 2022, and today, it is the largest IT company in terms of market capitalization on the Regulated Market. We hope to see more issuers taking this important step in their development in the capital market, a sign of a company's maturity, by transferring to the Main Market,” stated Adrian Tanase, CEO Bucharest Stock Exchange.

The transfer of AROBS Transilvania Software's shares to the Main Market was carried out with the support of BT Capital Partners, acting as an intermediary, and Cornerstone Communications, as a capital market consultant.

“We are honored to be part of a new entrepreneurial success story on the capital market, and we consider that the step taken today by AROBS is a natural and significant one in the company's development. The shares will now be traded on the stage where capitalization and liquidity recommend them, being a target for new categories of institutional and retail investors,” stated Daniela Secara, CEO of BT Capital Partners.

“The growth registered by AROBS on the AeRO market, highlighted by a share price appreciation of over 50% in less than two years since the private placement and supported by over 5,000 shareholders, demonstrates the strong position of the company in Romania and internationally, consolidated by the vision and entrepreneurial spirit. The move to the Main Market of the Bucharest Stock Exchange positions AROBS alongside the top 20 companies listed on the BVB. At the same time, the development strategy of AROBS, based on organic growth and M&A, is an example not only for technology companies but for any business aiming to develop at an accelerated pace through the capital market,” stated Zuzanna Kurek, IR Manager AROBS and founder of Cornerstone Communications.

Since the successful settlement of the private placement in October 2021, the company's market capitalization has increased by 53%, from RON 618 mln to RON 948 mln as of September 20, 2023, the last trading day of the company on the AeRO market. AROBS shares made their debut on the AeRO market on December 6, 2021. One month after entering trading, the company benefited from the services of the Issuer's Market Maker provided by BRK Financial Group (BRK).

In March 2022, the company's shares were included in the BET AeRO index, ranking first among the included companies with a weight of 16.44%. Additionally, AROBS shares were included in the MSCI Frontier Markets Small Cap index and the MSCI Romania Small Cap index, starting from August 31, 2023. In 2020, AROBS Transilvania Software was among the finalists of the third edition of the Made in Romania program, organized by the Bucharest Stock Exchange, with the aim of supporting the Romanian entrepreneurship. Moreover, in early 2023, AROBS received the distinction of "The Most Traded Stock on the AeRO Market in 2022" at the BVB Awards, an event organized by the Bucharest Stock Exchange.

Since its listing on the AeRO market in 2021 up to the present, AROBS has completed nine transactions. In 2021, the company acquired Berg Software, and in 2022, it acquired AROBS Engineering (formerly Enea Software Development Services Romania), the Nordlogic Group, and the GPS Software Center Romania. In 2023, AROBS acquired two entities in the Republic of Moldova, AROBS Software and AROBS TrackGPS, AROBS Polska (formerly SYDERAL Polska) in Poland, the Future WorkForce Group, with offices in Romania, Germany, and the United Kingdom, and AROBS Pannonia Software in Hungary.

AROBS Transilvania Software is owned by Voicu Oprean, who is the CEO and founder of AROBS Transilvania Software, holding 66.19% of the company, while legal entities own 17.66% of the company, and retail investors hold 16.13%.

AROBS Transilvania Software is the fourth company listed on the Bucharest Stock Exchange to transfer from the AeRO market to the Regulated Market since 2020.

* This is a press release.

Simona Fodor · 4 Sept · 1 min read