Launched in 2017, Xtend, the market of Budapest Stock Exchange (BSE) supports growth plans for mid-sized businesses, enabling public operations without the obligation to sell shares. The Xtend market is a multilateral trading platform operated by BSE, which uses a relaxed set of conditions compared to the regulated market of the BSE. At BSE Xtend, issuers must primarily comply with disclosure obligations and maintain a continuous contractual relationship with a Designated Adviser. In order to attract issuers, there are two essential incentives available to issuers wishing to be present on the BSE Xtend. The National Stock Exchange Development Fund has more than HUF 10 billion in funds available for companies introducing their equities on the BSE Xtend, as well as state support for the preparation to entering the stock market.
