Share this article
NFT Investments Plans Listing on London Stock Exchange Growth Market
The company claims it will be the first investment company focused solely on the NFT market to launch on a stock market in a major jurisdiction.
Updated Sep 14, 2021, 12:34 p.m. Published Apr 1, 2021, 11:45 a.m.
Make us preferred on Google
NFT Investments, an investment company focusing specifically on non-fungible tokens (NFTs) said it plans to list on the Aquis Stock Exchange Growth Market (AQSE) in London later this month.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- According to the announcement Thursday, NFT Investments expects its market capitalization to be around £25 million (US$34.4 million).
- NFT Investments plans to raise around £10 million ($13.8 million) through the sale of 200 million shares at 5 pence apiece.
- The company claims it will be the first investment company focused solely on the NFT market to launch on a stock market in a major jurisdiction.
- The proceeds from the flotation will be spent on identifying new investments, both in NFTs directly and in companies or funds that provide exposure to them.
- NFT Investments’ board includes co-founders of Argo Blockchain Jonathan Bixby and Mike Edwards as executive chair and non-executive director respectively.
See also: Crypto Investment Firm CoinShares Begins Trading on Nasdaq Nordic
More For You
More For You
Bitcoin losing $70,000 is a warning sign for further downside
Crypto majors soften while Asian equities rebound modestly, with traders continuing to weigh quantum fears, ETF flows and a possible shift in bitcoin’s broader trend.
What to know:
- Bitcoin look weak after failing to keep gains above $70,000.
- Weakness in large caps could soon filter through to small caps, which have been resilient lately.
- On-chain data suggest the market is in a stress phase without a clear capitulation bottom.
- Debates rage over impact of quantum-computing risks, a controversial BIP-110 spam-reduction proposal and shifting institutional flows.
