6 February 2019
Kapolyi Law Firm has assisted the CyBERG Corp., the owner of Budapest's Kajahu, a "social digital restaurant chain," with its initial placement of shares on the Budapest Stock Exchange's BSE Xtend mid-market and their introduction to trading.
From left to right: József Kapolyi, Kapolyi Law Firm, Erik Szabo, CyBERG, Balazs Rozsa, CyBERG, and Viktor Krezinger, Kapolyi Law Firm
CyBERG Corp., which was founded in 2015, is the owner and developer of Kajahu, a "system-gastronomic franchise." Kajahu is a digital community restaurant chain concept that, through technology and hospitality, is a unique hybrid model on the world market. The rapidly developing company sold franchise rights for five countries in 2018 and over the next few years, at least 83 CyBERG Plc. units will open in Slovakia, the Czech Republic, Poland, Austria, and Hungary. The BSE-listed-company, based on the restaurant network, continuously develops its community mobile services and its own digital platform, thus becoming a data-based technology company in the future.
"CyBERG is a technology growth story," claimed CEO Balazs Rozsa. "The Kajahu chain we launched is a mix of Facebook and McDonald's. Our plan is to create a global technology company that will revolutionize the traditional system of gastronomic business model. We build the central management of the company from the invested capital, start the international sales of the franchise network and develop the digital services of our hybrid model.”
Peter Scholtz, Head of Institutional Sales at UniCredit Bank Hungary Zrt., commented: "Today is a special day, as CyBERG Corp. is the first issuer on the BSE to enter the stock market at a much earlier stage of the corporate growth cycle, compared to companies entering the classic stock exchange, thereby creating a completely new type of investment opportunity for domestic investors. We hope that CyberG Corp.'s example will be guidance for other companies, and those emitters with high growth potential and technology focus will soon appear on Xtend."
The Kapolyi team was led by Managing Partner, József Kapolyi and Senior Attorney, Viktor Krezinger.