Deals
Crypto Firm Diginex Reaches Deal to Go Public in the U.S.
- Reverse merger poised to value Diginex at $276 million
- Latest crypto company to list shares without traditional IPO
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Diginex Ltd., a Hong Kong-based cryptocurrency and blockchain services company, said on Wednesday that it is going public through a reverse merger with 8i Enterprises Acquisition Corp.
Diginex will be listed on Nasdaq following the deal with 8i, a so-called blank-check company, the companies said. The deal is poised to value Diginex at about $276 million including debt, according to a press release, which confirmed an earlier Bloomberg report.