Crypto Investment Firm CoinShares Begins Trading on Nasdaq Nordic

The Jersey-based investment firm said its offering was oversubscribed, garnering subscriptions for nearly $80 million.

AccessTimeIconMar 11, 2021 at 2:04 p.m. UTC
Updated Sep 14, 2021 at 12:24 p.m. UTC
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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 release stating it would be "COIN" – one also proposed for Coinbase's upcoming listing.
  • In February, CoinShares launched an Ethereum-back exchange-traded product (ETP) on Swiss SIX exchange, which already boasts around $75 million in assets under management.

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