NFT Investments Raises $48M via London Stock Exchange Growth Market Listing
NFT Investments raised three times more than planned through its listing.
Apr 13, 2021 at 4:16 p.m. UTCUpdated Aug 19, 2021 at 8:45 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/R7F66YMDJZHSDJP3L6XKHTKXLA.png)
NFT Investments, an investment company focused on non-fungible tokens (NFTs), has raised £35 million ($48 million), three times more than planned, through a listing on the Aquis Stock Exchange Growth Market (AQSE) in London.
- According to the announcement Tuesday, the raise values NFT Investments at £50 million ($68 million).
- NFT Investments has now completed the placing of 700 million new ordinary shares at £0.05 each and will begin trading on the AQSE on April 16.
- The firm had originally expected its market capitalization to be around £25 million ($34 million) and claims to be the first investment company focused solely on the NFT market to launch on a stock market in a major jurisdiction.
- NFT Investments has been launched by the co-founders of Argo Blockchain, a leading crypto miner valued at more than $1 billion.
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
STORY CONTINUES BELOW
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)