leadf
logo-loader
viewDispersion Holdings PLC
(
AQSE:DEFI
)

Argo Blockchain co-founders list investment firm Dispersion Holdings in London

The DeFi investment group has been admitted to the Access segment of the Aquis market after raising £9mln through a share placing and subscription

Argo Blockchain PLC - Dispersion Holdings makes positive start on Aquis Exchange following IPO

Dispersion Holdings PLC (LON:DEFI) has made a positive start to life as a listed company after the decentralised finance (DeFi) investment firm began its first day of dealings on the Aquis Exchange.

The company, which was established by the co-founders of crypto mining firm Argo Blockchain PLC (LON:ARB), said it has been admitted to the Access segment of Aquis after raising £9mln through a placing and subscription at 3p per share.

Following admission, the company said it will have 612.5mln shares at issue, giving it a market cap of around £18mln.

Dispersion said the float will enable it to raise the public profile of DeFi technology as well as providing it with new funds to execute its investment strategy.

The firm said it has already made initial investments in fellow Aquis listee NFT Investments PLC (LON:NFT) as well as Toronto-based Epic Blockchain Technologies Inc.

"Dispersion Holdings' admission to the AQSE Growth Market marks a significant milestone in our journey and, indeed, for the DeFi sector in the world's leading financial centre. It is a vote of confidence in our investment plans and gives us a firm foundation on which to build our long-term growth strategy in a market that has bright days ahead. London has a golden opportunity to become the global capital for DeFi, and we look forward to demonstrating the value of this growing part of the FinTech sector", Dispersion chief executive Michael Edwards said in a statement.

In mid-morning trading on Friday, shares in the company were trading at around 3.6p, 20% higher than the fundraising price.

Quick facts: Dispersion Holdings PLC

Follow
AQSE:DEFI

Price: 3.35 GBX

Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

FTSE upbeat ahead of Fed interest rate decision despite gas price hikes...

FTSE 100 started on the front foot ahead of the Fed interest rate decision and as bid action fired up investors’ enthusiasm. London’s main index added 50 points to 7,031 in early dealing. Ladbrokes and Gala Bingo owner Entain PLC (LSE:ENT) confirmed Draftkings Inc (NASDAQ:DKNG) had made a...

4 minutes ago

2 min read