Eolo Toys debuts on BME Scaleup with 10% share price increase

Eolo Toys, a Spanish toy and entertainment company, has debuted on the BME Scaleup market. The company’s shares opened at 2.86 euros, representing a 10% increase from the reference price of 2.60 euros. This debut brings the company’s total valuation to approximately 15 million euros.

Based in Gijón, Asturias, Eolo Toys is the thirteenth company to join the BME growth markets this year and the eighth company from the Asturias region to be listed on the stock exchange. CEO Álex Prieto stated that the public listing is intended to professionalize management and support the company’s international expansion strategy, with a specific focus on strategic markets such as the United States.

The company has nearly 50 years of history and operates an international commercial structure present in over 55 countries, with a distribution network reaching more than 33,000 points of sale. Eolo Toys will trade under the ticker code ‘SCEOL’ using the fixing system.