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Czech drone manufacturer Primoco prepares to make its debut on the primary market of the Prague Stock Exchange

Primoco supplies drones featuring a five-metre wingspan primarily used by security forces in Europe and Asia, including numerous units operating in Ukraine.

The company is set to introduce its securities on the Prague stock market under the name Primoco UAW from the coming week. While the company has been previously listed on the Start market, designed for smaller enterprises, the decision to move to the main market reflects its robust performance. Founder Ladislav Semetkovsky has opted to broaden the investor base by offering shares to a wider audience.

The company's success, driven by the tumultuous global environment and heightened security concerns in regions such as Ukraine, the Middle East, and Asia, has elevated Semetkovsky to billionaire status over the past two years. Primoco's market valuation has already reached £172 milion.

In the fiscal year 2023 alone, the company recorded a substantial revenue of nearly £20 million. The share price has surged by over 260 percent since 2018, when they were initially launched on the Start market. 

Prepared by the Czech Trade United Kingdom & Ireland.

Source: Czechcrunch