Hong Kong-Based Crypto Firm Diginex And Acquisition Company, 8i Await NASDAQ Listing
Crypto and blockchain financial and technology services provider, Diginex is waiting to get listed on NASDAQ reports Bloomberg. In particular, the company revealed that this endeavor also includes acquisition company, 8i Enterprises Acquisition Corp., where the duo is “going public through a reverse merger.”
As per the claims made, this endeavor will result in Diginex holding a value of roughly $276 million, which includes debt. Said shareholders are expected to receive 20 million ordinary shares of 8i, each going at a price of $10 per piece.
Bloomberg views Diginex’s move as one that avoids initial public offerings (IPO), as it is deemed a rather difficult approach in getting listed on public markets. This being said, Diginex’s way of entering via NASDAQ will still be watched by the likes of regulatory bodies, i.e. U.S Securities and Exchange Commission.
PR Newswire has since shared the sentiments of both the Chief Executive Officer (CEO) and Chairman of Diginex, Richard Byworth, and Miles Pelham respectively.
According to Byworth, this move will promote market visibility around the world. In particular, he said,
“We believe that this exciting transaction will enhance our broader market visibility as we further roll out our global platform including our exchange infrastructure, product offering, licenses and market expansion into key geographies around the world.”
Then we have Pelham, who elaborated more so on what moves Diginex will make in the near future. Some of which include, “Pursuing its vision of leveraging blockchain technology for both social good and the disruption of financial intermediates.”