CoinShares shares were originally listed on the Nasdaq North Growth Market, another exchange for small and medium-sized businesses.
Leading cryptocurrency investment company CoinShares has listed on Nasdaq Stockholm, the main stock exchange in the Nordic countries.
CoinShares announced on December 2. On the 19th, the first day of trading on the main market of Nasdaq Stockholm, shares of CoinShares start trading on the exchange under the symbol CS.
The latest trading debut is the exchange rate of the listing site for CoinShares shares. Previously, CS was traded on the Nasdaq First North Growth Market, another exchange for small and medium-sized businesses in Europe. CoinShares first went public by listing its shares on the Nasdaq First North Growth Market in March 2021. According to the latest announcement, there is no offer or new announcement regarding the introduction of CoinShares to trading on Nasdaq Stockholm.
“CoinShares shareholders do not need to do anything about the change of listing location,” the company said. According to CoinShares CEO Jean-Marie Mognetti, the change in the market is intended to convince the company that the company is making the company “the first digital business service in -work and investment” complete. He said:
“We believe that the change in the listing will help us benefit from increased visibility and exposure to investors as we support our desire to increase our market share.”
Nasdaq’s head of European listings, Adam Kostyál, said he was confident of “increasing opportunities” in the upgrade. “We hope to see the growth and development of the company supported by the increase of investors and international media in the crypto finance community,” added Kostyál. The initial public offering of CoinShares was completed in March 2021 at a price of 44.9 Swedish krona (SEK), or $5.3 per share. According to data from TradingView, CS stock reached SEK 115, or $11, in April 2021 and has been declining ever since. At the time of writing, CS shares were trading at SEK 21 ($2), down about 2% since their debut on Nasdaq Stockholm.
The changes to the CoinShares trading platform come amid the current financial crisis caused by the collapse of the FTX crypto exchange. As previously explained, CoinShares was not significantly affected by the FTX announcement due to the company’s limited exposure to the FTX exchange. CoinShares said its overall exposure to FTX stood at $31.5 million, making the company’s finances strong.
Get $200 Free Bitcoins every hour! No Deposit No Credit Card required. Sign Up