It is the sixth company listed since the beginning of 2022 and the twelfth company in the IT sector that has been listed on Bucharest Stock Exchange since 2019 to date. The listing of Bento shares takes place after a hybrid private placement, through which the company sold both new and existing shares for RON12.5 million.
“The listing on the stock exchange is a moment of major importance for every company. We are always happy with the openness of Romanian entrepreneurs, who have built relevant businesses in their sector of activity, towards the stock market and the financing mechanisms through the capital market. Bento’s debut on the AeRO market strengthens the IT sector’s presence on the stock market and is also an opportunity to diversify the portfolios for investors. We already have six new companies on Bucharest Stock Exchange since the beginning of this year, along with the four bond issues, companies that attracted financing worth RON152.4 million,” said Radu Hanga, President of the Bucharest Stock Exchange.
“We are glad that as of today we are part of the Romanian capital market. We thank investors for the trust placed in the company and our development plans, and we convey to future shareholders that we are ready to deliver the expected returns. Bento is a company with an organic growth, over the years constant investments have been carryed out in the development of our own software products and the quality of services provided by our teams. Every year we have managed to expand and diversify our client portfolio, as well as to increase revenues at a consistent pace. Our goal is to continue to grow, expand our international presence, and strengthen our own key products, such as Bento Field Service Management or Bento Mobile Device Management. Therefore, we are confident that along with our investors and shareholders in the capital market, we will be able to carry out our development plans,” said Radu Scarlat, President of Bento – Intellectually Curious.
Bento carried out a private placement of shares on November 25, 2021, in which 103 investors participated, out of which 11 qualified investors and 92 retail investors. The company sold 400,000 new shares and 497,633 existing shares, at a price of RON14 per share. The amount raised by the company for the sale of new shares will be used to accelerate the development of own products as well as new sales channels in Eastern Europe and the Balkans. The private placement and the listing were carried out with the support of TradeVille.
At the end of 2022, the company had over 70 employees and contractors and had a diversified portfolio of clients consisting of multinational companies from Romania, USA and Switzerland. In 2020, Bento had a turnover of RON15.3 million and a net profit of RON1.9 million. According to data published in the Memorandum, Bento estimates a turnover of RON27 million and a net profit of RON4.6 million for 2021. Most of Bento’s revenue, about 70%, comes from companies active in energy, FMCG and utilities, while the remaining 30% is revenue from companies operating in telecommunications, health, agriculture, IT, media, food industry, distribution, transport and services.