Diginex Stock Goes Live on Nasdaq Following $50M in SPAC and Private Funding

Blockchain services firm Diginex has become the first crypto exchange operator to list on Nasdaq. The stock went live Thursday morning under the EQOS ticker symbol, a nod to the firm’s EQUOS.io trading platform.

  • Diginex’s back-door listing came through a merger with a special-purpose acquisition company (SPAC) called 8i. 
  • After raising private capital and redeeming shares of the SPAC, the company now has $50 million in capital for strengthening its balance sheet and investing in the business.
  • Diginex CEO Richard Byworth said he expects a mix of global retail and institutional investors to buy shares. Over time, he expects the majority of Diginex shareholders to be U.S. investors because of the Nasdaq listing.

Read more: Diginex Going Public Is About More Than a Nasdaq Ticker Symbol

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