CoinShares CEO claims that the move is a part of the company’s plan to become “the leading full-service digital asset investment and trading group.”
CoinShares, an asset management firm specializing in digital assets or cryptocurrency established in 2017, has been listed on the Nasdaq Stockholm stock exchange.
According to the announcement shared on December 19th, the company’s stocks are now eligible for trading on Nasdaq Stockholm’s main market.
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It is worth noting that, previously, CoinShares was listed on Nasdaq’s First North Growth Market in March 2021. The latter stock exchange is established for small and medium-sized companies in Europe.
In the announcement, the company highlighted that there is no “offering or issuance of new shares” connected with the CoinShares listing. On top of that, the company stated that CoinShares shareholders do not need to take any additional action and that the move to different venues does not affect them.
When talking about listing CoinShares on Nasdaq Stockholm, the Head of European listings at Nasdaq, Adam Kostyál, stated:
We welcome CoinShares to Nasdaq Stockholm’s main market and the increased opportunities the uplisting will bring. We look forward to seeing the company’s further growth and development supported by increased investor visibility and international exposure within the cryptofinance community.
Nevertheless, in the announcement CoinShares Chief Executive Officer (CEO) Jean-Marie Mognetti stated that the change in the company’s share listing is a part of CoinShare’s ongoing plan to become “the leading full-service digital asset investment and trading group globally.” Moreover, Mognetti added:
We are delighted to start our new life trading on Nasdaq Stockholm’s main market. <…> We believe the change in listing venue will allow us to benefit from increased visibility and investor exposure while supporting our ambition to grow our market share.
In March 2021, CoinShares started offering its shares for a fixed price of 44.9 Swedish kronor (SEK) or $5,15 per share. At the time of writing, CoinShares shares trade for 21,5 SEK ($2,16) per share.
by Gile K. – Crypto Analyst, BitDegree
SOURCE: COIN JOURNAL
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