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STRT Holding Shares Begin Trading

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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.

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