The initial offering was more than 120% oversubscribed and was boosted from 400,000 shares to almost 900,000 shares, with total subscribed sums topping RON13 million.
More than 100 investors took part in the private placement and the price per share stood at RON14. The company’s shares will be listed on the AeRO market of the Bucharest Stock Exchange in early 2021.
The capital inflow will be used to step up the company’s development by expanding its client portfolio and strengthening own products. Bento also plans to develop sale and marketing channels to promote its own software products in Eastern Europe and the Balkans by sealing partnerships with local companies on these target markets.
In 2020, Bento posted RON15.3 million turnover and net profit worth RON1.9 million. In the first six months of 2021, the company reported RON12.6 million revenues, a record high 99% increase from the year-earlier period. It forecasts RON26.3 million turnover for the entire 2021 and net profit of RON4.6 million.
(English version by Catalina Apostoiu)