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Crypto Investment Firm CoinShares Begins Trading on Nasdaq Nordic
The Jersey-based investment firm said its offering was oversubscribed, garnering subscriptions for nearly $80 million.
Digital asset manager CoinShares has begun trading on Nasdaq Nordic after an oversubscribed public offering.
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- CoinShares listed Thursday on the Nasdaq First North Growth Market, an alternative stock exchange for small and medium-sized growth companies in Europe.
- The offering consisted of 3,364,403 shares at 44.90 SEK ($5.29) apiece and totaling 151 million SEK ($17.8 million), according to an announcement.
- The Jersey-based investment firm said the offering was oversubscribed by over 400%, garnering subscriptions for 675 million SEK (nearly $80 million) from 2,280 new shareholders.
- Shares are trading under the ticker "CS", despite an earlier release stating it would be "COIN" – one also proposed for Coinbase's upcoming listing.
- In February, CoinShares launched an Ethereum-back exchange-traded product (ETP) on Swiss SIX exchange, which already boasts around $75 million in assets under management.
See also: CoinShares Releases DeFi Index Token for Institutional Investors
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
