Cathie Wood’s Ark Invest bought 2.53 million Hand -based exchange crypto shares in three of its stock market negotiated funds (ETF) on Wednesday, in the company’s successful IPO.
According to commercial notifications, the ARK Innovation ETF (ARKK) collected 1,714,522 shares, the ARK Next Generation Internet ETF (ARKW) added 545,416 ARK Fintech Innovation ETF (ARKF) actions bought 272,755 shares. At the closing price of $ 68 from Bullish, combined purchases were worth around $ 172 million.
Bullish’s shares ended his first negotiation session up 83.8% compared to his $ 37 Introduction Prize, closing with a market capitalization of more than $ 10 billion. The shares jumped 11.2% in the trade after opening hours.
The overvoltage came while the action opened at $ 90 and reached an intra-day summit of $ 118, more than 215% above the IPO price, before falling back.
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Bullish increases $ 1.1 billion
The company based in the Cayman Islands, which operates an exchange of cryptocurrency and has Coindesk, estimated its IPO above previous expectations from $ 32 to $ 33 per share, raising $ 1.1 billion thanks to the sale of 30 million shares, according to Reuters.
In particular, this marked the second bullish attempt to become public. Previously, the exchange attempted to become a public via an acquisition company agreement for special purposes (SPAC) in 2021, but saw its previous efforts collapse while the markets were relieved in the middle of increasing interest rates.
As indicated, Haussier operates through subsidiaries through multiple jurisdictions, notably Hong Kong, the Cayman Islands, Singapore, the United Kingdom, Germany and Gibraltar.
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The enthusiasm for the Introduction on the Crypto continues
The list followed a wave of high -level offers this year. Circle, the emitter of the USDC stablecoin (USDC), raised $ 1.1 billion during its public beginnings in June, exceeding expectations and marking a record gain of 167% on its first day of negotiation.
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On June 6, Gemini, the exchange founded by Cameron and Tyler Winklevoss, also tabled in any configuration for an American list. The two brothers supported Trump’s re -election offer and supported the crypto political action committees.
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