CoinShares, Europe’s largest crypto asset manager, has started trading on Nasdaq First North Growth Market on Wednesday 11th March. This market is a stock exchange for growing firms in Europe.
CoinShares Group is a company focused on digital asset investing, headquartered in London, with offices in Jersey, London, and Stockholm. The company’s philosophy is to bring its partners and clients access to digital assets.
The company’s shares, called CS, are now available to the public following a 447% oversubscribed IPO.
As stated by the firm, 3,364,403 shares priced 44.90 SEK ($5.29) apiece will be offered for trading. The total value of CS amounts to 151 million SEK ($17.8 million).
Read the announcement of CoinShares here!
A previous step was taken by CoinShares in February when the firm launched a backed Ethereum exchange-traded product (ETP) on the Swiss SIX exchange.
How did CS close its first 24 hours on the nordic market?
According to data collected from the website of the company, CS opened the day trading at 81.9 SEK and closed at 109.12, with a market cap of 7.3 billion SEK, approximately $860 million.
This means CoinShares bounced 33% on its first day of trading, and since the offerings started at 44.90 SEK, it means that people holding this asset have so far doubled their investment.