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
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.