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Cryptocurrency

Swedish crypto broker's IPO oversubscribed by 1,200%

May 5, 2021. Summarized by summa-bot.

Compression ratio: 36.5%. 1 min read.

Swedish cryptocurrency brokerage Safello is seeing massive demand from investors for its upcoming initial public offering debut on the Nasdaq First North Growth Market.

Safello, a Stockholm-based cryptocurrency brokerage, is seeing massive demand from investors for its upcoming initial public offering on the Nasdaq First North Growth Market.

Safello CEO Frank Schuil said that the company expects its listing on the Nasdaq First North Growth Market in Stockholm on May 12.

The listing on Nasdaq First North opens new venues for growth that we will pursue.

Coinbase, the United States’ largest crypto exchange, listed on Nasdaq Global Select Market in mid-April.

Major European crypto asset manager CoinShares debuted on the Nasdaq First North in March.

by summa-bot

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