Investors can trade Graffiti Plus shares on the exchange’s Multilateral Trading System under the ticker symbol GRF.
GRF+ is debuting on the Stock Exchange with the support of non-repayable funds provided through the National Recovery and Resilience Plan (NRRP/PNRR), aimed at covering the costs of the listing process. It is the second company to list on the Stock Exchange this year with support from the NRRP program.
“Every company that chooses the capital market with the support of this mechanism confirms that European funds can play a role that goes beyond the logic of traditional grants. Through the NRRP, we reduce the cost of a strategic step — access to the capital market — so that the capital raised from investors can directly support company growth. This is the model we want to develop: public resources mobilizing private investment. I am pleased to see that more Romanian companies understand that long-term development also means transparency, corporate governance, and a solid relationship with investors. This is a positive signal both for the capital market and for the Romanian economy,” stated Dragos Pislaru, Minister of Investments and European Projects.
“There is a special symmetry to Graffiti Plus’s debut: a company that has been building the reputation and trust of other brands for over a quarter of a century now chooses, in its turn, the most demanding exercise in transparency — the status of a listed company. It is the first time the Romanian communication industry reaches the stock exchange, and the significance goes beyond the premiere itself: unlike traditional sectors with tangible assets, the primary resources in the creative industry are people, ideas, and reputation. For such a company, the stock exchange becomes the natural channel for financing. The private placement closed early after just three days shows that investors understand this. We are also pleased to see support instruments like NRRP working as a catalyst for Romanian entrepreneurs. I welcome the Graffiti Plus team to the community of issuers on the Bucharest Stock Exchange — and I say to entrepreneurs in the creative industries that the path is open,” stated Remus Vulpescu, CEO of the Bucharest Stock Exchange.
“We have reached the Stock Exchange prepared for the next stage of scaling. Behind the ticker symbol GRF lies over 25 years of market presence, consolidated expertise, and results that have consistently kept us at the top of the industry. What’s next? We have validated growth verticals, integrated technology in our workflow, the right team, and now we also have the capital required to accelerate. To the investors who chose us and to those joining us from now on, we offer what our clients have been receiving for over a quarter of a century: consistency, transparency, and results,” stated Irina Ciocan-Stanescu, CEO of Graffiti Plus.
According to the evaluation report prepared at the end of 2025, the company’s market value was estimated in the range of EUR 8.02 million using the market comparison method (market multiples) – EUR 9.92 million using the discounted cash flow (DCF) method. This range served as the foundation for setting the offer price in the private placement conducted in January 2026, during which 2,216,548 shares were subscribed, representing 8.14% of the company’s share capital following the capital increase. Following the determination of the reference value, a 20% discount was applied exclusively for subscriptions during the first 3 days of the placement, to reward investors who chose to support GRF’s growth from the private placement stage.
The private placement and the listing of GRF shares were carried lout with the support of Goldring, acting as Authorized Advisor.
“By intermediating the listing of Graffiti Plus, we are presenting the capital market with a valuable investment opportunity, as Graffiti Plus is an exponent of a creative and innovative industry inaugurating a new sector on the BVB. Investor interest has already validated the appeal of GRF+ shares through the new share offering, which closed early on its third day after subscriptions exceeded 110%. Beyond the listing milestone, GRF+ comes with a genuine commitment to best practices in investor relations and corporate governance, alongside a strong interest and openness toward leveraging the growth mechanisms that the stock exchange makes available to issuers,” stated Virgil Zahan, CEO of Goldring.
GRF+ will use the capital raised through the listing to accelerate three high-growth potential business verticals: data-driven influencer marketing, sports & sponsorship, and pharma & healthcare communication, as well as to integrate AI technology across three key tiers: AI for productivity, institutional AI, and AI-enhanced advisory.
The shareholding structure of GRF+ consists of Catalin Chis, Board Member and principal shareholder, holding a 41.12% stake; Bogdan Tomoiaga, Chairman of the Board of Directors, holding 17.60%; Irina Ciocan-Stanescu, Executive Director, with 17.57%; Diana Tobosaru, holding 8.01% of the shares; Loredana Butacu-Ianus, Managing Partner & Head of Product, holding 2.81%; individual investors holding 11.56% of the shares, and institutional investors holding 1.33%.
With a presence of over 25 years on the local market, Graffiti Plus has undergone a continuous process of transformation and consolidation, becoming one of the leading Romanian integrated communication companies, with a market share of approximately 14%. It is one of the most awarded communication agencies in Romania, four-time winner of the Agency of the Year title at the Romanian PR Award Gala over the last seven years. At the same time, the company has consistently ranked among the Top 5 communication agencies by turnover and profit in Forbes Romania over the past decade, and in 2026 it was included in the Top 12 communication agencies in Europe at the SABRE EMEA Awards. History
For the year 2025, Graffiti Plus reported total revenues of RON64.7 million, up 36% compared to 2024, while net profit grew by 14% in 2025 year-over-year, reaching RON2.8 million. The GRF+ portfolio covers industries such as technology, retail, pharma & healthcare, FMCG, banking & financial services, energy, and beauty.