The artificial intelligence company Substrate AI debuted last Tuesday, May 17, on the BME Growth with a price of 4.3 euros per share and a valuation of almost 94.9 million. The firm's Chairman, Lorenzo Serratosa, CEO, José Iván García, and Chief Technology Officer, Bren Worth, performed the bell ringing at the Palacio de la Bolsa de Madrid. As the company has an atomized shareholding, it has started trading without a previous offer of sale or subscription of shares. The managing director of BME Growth, Jesús González Nieto-Márquez, highlighted that the incorporation of Substrate AI deepens the sector diversification of the 'SME Stock Exchange' and the consolidation of the Pre-Market Environment as the perfect launching pad to the financial markets for small and medium-sized companies.
Substrate AI debuts on the stock exchange with a capital mainly controlled by senior management and 22 million shares traded under the ticker symbol SAI. The company expects to turn over, thanks to its acquisition strategy, more than €8 million in 2022, a figure it expects to rise to almost €18 million in 2023. The company offers services in the Fintech, Human Resources, Industry, Energy, Agritech and Healthcare verticals and next year will start its activity in Mining and Contact Center.
Information from Europa PRESS.