Latest news with #CaymanIslands-headquartered
Epoch Times
6 days ago
- Business
- Epoch Times
Bullish Crypto Exchange Soars in NYSE Debut, Market Cap Briefly Tops $92 Billion
Shares of cryptocurrency-exchange operator Bullish surged in their debut on the New York Stock Exchange, more than doubling in value and briefly giving the company a market capitalization above $16 billion. On Aug. 13, the Cayman Islands-headquartered company, which also owns the crypto news site CoinDesk, priced its initial public offering at $37 per share early Wednesday. By the time trading began at 1 p.m. EST, the price had already shot up to $90 a share.
CNBC
6 days ago
- Business
- CNBC
Crypto exchange Bullish more than doubles in NYSE debut after pricing IPO above expected range
Crypto exchange Bullish rocketed on Wednesday after the company raised about $1.1 billion in an initial public offering. The stock opened at $90 on the New York Stock Exchange, 143% above its IPO price of $37. Shares were then halted at around $102.44 per share. The Cayman Islands-headquartered company priced its IPO early Wednesday far above this week's expected range of $32 to $33, and an initial range last week of between $28 and $31, valuing the company at some $5.4 billion before trading began. Bullish, which is led by former New York Stock Exchange President Tom Farley and backed by tech billionaire Peter Thiel, is a crypto exchange focused on institutional investors and blends decentralized finance protocols with the security of a centralized company. "The last leg of growth in crypto, the last 10 years, was basically all retail and … the institutional wave has begun," Farley told CNBC's "Squawk on the Street" Wednesday. "It's here, and it's a question of how big it will be. Based on the reception we've gotten thus far as part of our IPO, it feels like institutional investors feel like this could be the moment." Since its launch in 2021, total trading volume on the Bullish platform exceeded $1.25 trillion as of March 31. The company also owns the crypto news website CoinDesk, which includes crypto indexes, data and analytics. Bullish joins a batch of companies looking to take advantage of the Trump administration's favorable attitude toward crypto. In June, stablecoin issuer Circle made a highly successful stock market debut, raising more than $1 billion. That followed the transfer to Nasdaq (from Toronto) of Mike Novogratz's Galaxy Digital and stock and crypto trading app eToro's IPO that valued it at $5.4 billion. Crypto custody startup BitGo and crypto exchange Gemini have also confidentially filed for U.S. listings. This is the second attempt by Bullish to go public in the four years since the company launched.
Business Upturn
18-06-2025
- Business
- Business Upturn
DNP to Take Controlling-Stake in Laxton
TOKYO, Japan: Dai Nippon Printing Co., Ltd. (DNP, TOKYO: 7912) entered into a share transfer agreement on June 17, 2025 to acquire Cayman Islands-headquartered Rubicon SEZC. Rubicon (a holding company of 'Laxton' group) is a global Identity Systems Integrator that provides ID solutions for governments, primarily in developing nations, to register and authenticate personal information. DNP plans to acquire 75% of Rubicon's shares in July and complete the procedures to make the company a Group company. This press release features multimedia. View the full release here: Products of Laxton DNP will maximize synergies with Laxton in ID cards and card printers. By expanding to government-related business in Africa, Asia, South America, and other regions, we will further grow our authentication and security business, contributing to a safe and secure Smart Society. [About Laxton] Laxton develops ID authentication services using biometric information, primarily for governments in emerging countries and regions, such as Africa, and has a track record of implementation in over 50 countries and regions around the world. The company provides services that combine mobility, robustness, and security by housing ID registration and authentication devices and card printers in a portable case. Laxton provides one-stop services ranging from consulting to development, implementation, training, and maintenance to meet the needs of governments and other organizations, and has earned a high reputation in countries and regions around the world. [Major Synergies from Laxton Acquisition] Service improvement-driven business expansion Expanding to emerging countries and regions where market growth is expected [Going Forward] DNP will seek to maximize synergies between our two companies through this acquisition, and aims to achieve cumulative sales of 140 billion yen by FY 2030 via ID authentication services for overseas governments. More Details About DNP DNP was established in 1876, and has become a leading global company that leverages print-based solutions to engineer fresh business opportunities while protecting the environment and creating a more vibrant world for all. We capitalize on core competencies in microfabrication and precision coating technology to provide products for the display, electronic device, and optical film markets. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Wire
18-06-2025
- Business
- Business Wire
DNP to Take Controlling-Stake in Laxton
TOKYO--(BUSINESS WIRE)--Dai Nippon Printing Co., Ltd. (DNP, TOKYO: 7912) entered into a share transfer agreement on June 17, 2025 to acquire Cayman Islands-headquartered Rubicon SEZC. Rubicon (a holding company of 'Laxton' group) is a global Identity Systems Integrator that provides ID solutions for governments, primarily in developing nations, to register and authenticate personal information. DNP plans to acquire 75% of Rubicon's shares in July and complete the procedures to make the company a Group company. DNP will maximize synergies with Laxton in ID cards and card printers. By expanding to government-related business in Africa, Asia, South America, and other regions, we will further grow our authentication and security business, contributing to a safe and secure Smart Society. [About Laxton] Laxton develops ID authentication services using biometric information, primarily for governments in emerging countries and regions, such as Africa, and has a track record of implementation in over 50 countries and regions around the world. The company provides services that combine mobility, robustness, and security by housing ID registration and authentication devices and card printers in a portable case. Laxton provides one-stop services ranging from consulting to development, implementation, training, and maintenance to meet the needs of governments and other organizations, and has earned a high reputation in countries and regions around the world. [Major Synergies from Laxton Acquisition] Service improvement-driven business expansion Expanding to emerging countries and regions where market growth is expected [Going Forward] DNP will seek to maximize synergies between our two companies through this acquisition, and aims to achieve cumulative sales of 140 billion yen by FY 2030 via ID authentication services for overseas governments. More Details About DNP DNP was established in 1876, and has become a leading global company that leverages print-based solutions to engineer fresh business opportunities while protecting the environment and creating a more vibrant world for all. We capitalize on core competencies in microfabrication and precision coating technology to provide products for the display, electronic device, and optical film markets.
