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NFT Investments Raises $48M via London Stock Exchange Growth Market Listing
NFT Investments raised three times more than planned through its listing.
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.
STORY CONTINUES BELOW
- 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.
Read more: Coinbase Is Going Public: Everything You Need to Know
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
