As part of the planned IPO Reddit intends to sell approximately 10% of its shares. And it is a decision that will significantly influence the final IPO valuation.
As in previous fundraising rounds, Sygnum employees took part in the round as personal investors.
The fund will focus on growth-stage startups in three main areas like infrastructure, blockchain and financial services and smaller categories such as Web3 gaming, NFTs, and the Metaverse.
Plural aims to be a more effective partner for European startups than traditional venture capital funds.
The fact that Root Protocol secured a substantial amount at the seed stage signals a potential shift in sentiment within the industry.
The planned IPO also poses a test for Reddit users to show their loyalty to the platform.
While many ESG funds that focused on traditional clean-tech assets faced challenges in 2023 due to higher interest rates, funds that chose to invest in technology sectors, like cryptocurrency, performed well.
Figures reported by BlackRock for Q4 2023 beat the expectations of analysts as the company also purchased Global Infrastructure Partners.
Circle Internet Financial confidentially filed for an initial public offering (IPO) in the US.
Tune.FM believes that the majority of streaming platforms currently available are not shaped in a way that appreciates artists enough.
The dynamic ARK Invest’s ETF rebalancing approach, coupled with strategic investments in major tech stocks and ongoing engagement with regulatory authorities, reflects the firm’s adaptability and forward-thinking strategy.
This latest sale also follows the pattern of ARK Invest of closely monitoring not only the price of the assets it holds but their value compared to other assets.
The Tokyo-based Monex Group intends to further strengthen its digital asset offerings to institutional investors through the 3iQ acquisition.
Ark Invest purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO) and 4,320,928 units of the US Bitcoin futures-linked ETF.
Over the past few weeks, the Web3 industry has witnessed a surge in funds from major capital firms, indicating a strong belief in the growth of this emerging economy.