Jersey Crypto investment firm CoinShares begins trading on Nasdaq Nordic

Posted: 11/03/2021

Originally posted on Coindesk 

Digital asset manager CoinShares has begun trading on Nasdaq Nordic after an oversubscribed public offering.

  • 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 releasestating it would be “COIN” – one also proposed for Coinbase’s upcoming listing.
  • In February, CoinShares launchedan Ethereum-back exchange-traded product (ETP) on Swiss SIX exchange, which already boasts around $75 million in assets under management.
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