STRT Holding Shares Begin Trading
Photo by Zoltan Tarlacz / Shutterstock.com
Trade in shares of STRT Holding, which invests in early-phase startups, began this Tuesday, according to a release on the Budapest Stock Exchange website.
The shares trade on the bourse's Xtend platform, which is tailored to SMEs. STRT Holding was established last year by Péter Balogh, the angel investor and one of the founders of navigation software company NNG, in partnership with several other investors.
Ahead of the company's listing, it raised close to HUF 1.2 billion in a private placement with the participation of more than 70 non-institutional investors.
The holding announced yesterday that its unit STRT Invest had won HUF 450 million in grant money in a National Research, Development and Innovation Office tender to invest in technology startups.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.