Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

NFT Investments doubles IPO size to cash in on crypto demand

Wed, 07th Apr 2021 11:12

(Alliance News) - NFT Investments PLC, a company formed by the founders of Argo Blockchain PLC to invest in non-fungible tokens, on Wednesday said it doubled the size of its initial public offering to GBP20 million because of strong demand.

The investment company is now targeting a valuation at GBP35 million, up from GBP25 million when it announced the IPO on April 1. It will sell 400.0 million shares for 5 pence each, and expects to start trading on the Aquis Stock Exchange on April 19.

NFT Investments was started by Jonathan Bixby and Mike Edwards, the founders of Argo Blockchain. Shares in Argo Blockchain, a cryptocurrency miner listed on the London Stock Exchange, have multiplied this year as Bitcoin boomed. On Wednesday, the company reported mining revenue of GBP13.4 million in the first quarter of this year

Bixby and Edwards also founded Guild Esports PLC, which runs esports teams, and Cellular Goods PLC, which makes cannabinoid products.

Non-fungible tokens are virtual assets that certify ownership of digital goods. Last month, an NFT for a work of digital art sold for USD69.3 million.

"We are very encouraged by the strong interest from a wide range of investors who clearly wish to gain early exposure to the fast-growing market for NFTs, which we believe offers a considerable long term growth opportunity, just as the cryptocurrency sector has so far," NFT Investments Executive Chair Jonathan Bixby said.

By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Related Shares

More News
25 Mar 2024 13:29

UK shareholder meetings calendar - next 7 days

26 Feb 2024 20:17

TRADING UPDATES: Begbies trading in line; Probiotix inks partnership

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

31 Jan 2024 14:29

EARNINGS AND TRADING: Hydrogen Future loss widens; Quantum revenue up

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately repor...

22 Dec 2023 11:05

IN BRIEF: Guild Esports inks further one-year contract with Subway

Guild Esports PLC - London-based esports business - Signs a one-year UK sponsorship agreement with Subway IP LLC, effective from the start of 2024. Su...

21 Dec 2023 21:18

TRADING UPDATES: Guild Esports hails Counter-Strike-focused deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.