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

[bitcoinst]

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.

https://www.coindesk.com/diginex-stock-eqos-nasdaq-listing

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[The Sceptical Chymist]

Alright, that's interesting--I've added them to my stock brokerage's watch list.  I assume they'll still be based out of Singapore?

Also, I can't find information about them with my brokerage's research tools.  There's this odd statement that I've never heard describe another corporation before:

8i Enterprises Acquisition Corp. is a blank check company.

**Source: TD Ameritrade**

So what is Diginex exactly?  Are they an exchange?  I've never heard of them before, nor the 8i company that presumably was the original company behind the stock.  True, I've probably not heard of a lot of foreign exchanges, but you'd think I'd have heard of one that's now listed on the NASDAQ.  Anyway.  It'll be interesting to see how it performs.

[fillippone]

Quite misterios stock, actually.
On my broker screen I see the following:

Diginex Limited operates as a digital assets financial services company. The Company focuses on delivering a cryptocurrency and
digital asset ecosystem offering innovative products and services. Diginex serves customers worldwide.

www.diginex.com


6 Eu Tong Sen Street
No 08-13
Singapore 059817
SG
T: 65-6788-0388

Stock price is not great either: listed at 6.94, traded at an high of 8.52 on the same day and today traded at 5.20 (-25%).
Not great.