Securitize Pre-IPO Equity Valuation Reaches $1.25 Billion, Aiming to Raise $469 Million

BlockBeats News, October 29th, according to TheBlock, tokenization service provider Securitize announced plans to go public in the United States through a Special Purpose Acquisition Company (SPAC), with a pre-listing equity valuation of $1.25 billion. The SPAC is sponsored by an affiliate of Cantor Fitzgerald. The post-merger company will be renamed Securitize Corp., listed on Nasdaq under the stock symbol SECZ, and plans to tokenize its own equity.

As part of the listing process, Securitize plans to raise $469 million, including $225 million from a Private Investment in Public Equity (PIPE). Existing shareholders such as ARK Invest, BlackRock, Blockchain Capital, among others, will roll over 100% of their equity into the post-merger company.

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.