Graphisoft Secures Additional Listing on the Budapest Stock Exchange
Step will gratify expanding base of investors in emerging market technology
Frankfurt/Budapest -February 9th, 2000 - Graphisoft today announced that in response to a strong interest among emerging market investors, the company will also list its shares on the Budapest Stock Exchange (BSE). Shares by Graphisoft have been traded on the Frankfurt Stock Exchange Neuer Markt (symbol: GPH) since June 1998.
The interest of emerging market fund investors operating from the US and Europe is increasingly focused on the exploding technology sector in Central and Eastern Europe, particularly in Hungary. With its R&D headquarters located in Hungary and its success in the global marketplace, Graphisoft has attracted the attention of emerging market investors who specialize in IT companies.
"Graphisoft has positioned itself as a global technology company since its inception, which is why the Frankfurt Neuer Markt, a fast growing European technology stock exchange, suited us well," said Gábor Bojár, Graphisoft's President and CEO. "Now with an additional listing on the Budapest Stock Exchange, we will be able to serve the growing demand from emerging market investors as well."
On February 7th, 2000, the Governing Board of the Budapest Stock Exchange approved favorable changes to its regulations. Following these changes, the Management Board of Graphisoft decided to submit its application for the additional listing on BSE. The Company expects that its shares will be listed in the beginning of the second quarter of 2000.
This forward-looking statement is based on current expectations and is subject to risks and uncertainties.
Graphisoft is a leading provider of computer-aided design (CAD) software solutions for the architectural profession and the building industry. Founded in 1982, Graphisoft is ranked today among the largest AEC CAD software developers in the world, with 12 offices all over the world in addition to its headquarters. Graphisoft's flagship product, ARCHICAD, is used by more than 75,000 architects worldwide and distributed in 25 languages and 80 countries. Shares of Graphisoft are traded on the Frankfurt Stock Exchange Neuer Markt under the symbol GPH. More information about Graphisoft is available at www.graphisoft.com.