By
Temitope Olatunji
March 11th, 2024
The emergence of Crypto Blockchain Industries is an attestation to the attractiveness of digital currencies around the world. T
French company Crypto Blockchain Industries (CBI) is set to go public with plans to list its shares on the Paris Euronext Growth stock market. According to the company’s filing with the Euronext Growth stock market, the firm seeks a direct listing following a private placement and a total of 19,337,000 shares are set to be offered for the commencement of the trading.
The trading of CBI shares is set to begin trading on October 26 at a reference price of EUR 2.00. Per the update shared, the reference price will have an initial reservation threshold of plus or minus 20%. The move by Crypto Blockchain Industries to go public follows a similar trend by its blockchain-related counterparts around the world.
The growth of the digital currency ecosystem is now notably being marked by the emergence of firms on public bourses. For many, this stock market listing is a sign of industry maturity, as more investors explore new ways to bet on the fast-growing cryptocurrency ecosystem. Crypto Blockchain Industries is set to list under the ticker symbol ‘ALCBI’.
At the listing price of EUR2, the firm’s projected market capitalization is expected to come in at 38.7 million euros (approximately $45 million).
Crypto Blockchain Industries: Attesting to the Growing Attraction of Digital Currencies
Crypto Blockchain Industries is an investment company in the blockchain-based space with the sole aim of backing innovation service provisions that center around cryptographic innovations. At present, the company has made a number of investments ranging from interactive entertainment to industrial services. These investments typically range from modest commitments to multimillion-dollar single transactions.
The emergence of Crypto Blockchain Industries is an attestation to the attractiveness of digital currencies around the world. The corporate venture backing for blockchain and crypto outfits in the United States is growing at a rapid pace. The role of CBI in French and European markets showcase that similar growth is being charted in markets beyond North America.
With Europe brandishing a seamless financial integration, more retail and institutional investors looking to back crypto startups now have more options to do so. With a number of Bitcoin and crypto-linked Exchange Traded Funds (ETFs) emerging from key European nations, to the public market debut of mining firms in the region, the advent of CBI lends credence to the fast-paced growth of the market in the past year.
The public market debut of CBI comes a week after Bitcoin (BTC) printed a new All-Time High (ATH) at $66,930.39 according to an earlier Coinspeaker report. Investor sentiment is hyped all around and it will be no surprise if CBI achieves its project market cap upon listing.