The company is the first blockchain-focused IPO in France.
Crypto Blockchain Industries, a France-based company focused on blockchain technology, will go public on the Paris Stock Exchange, according to local reports.
The decision on the admission of the company’s common shares was approved by Euronext Paris SA on October 21st, which will become the 2021 report added.
According to Bourse Direct, CBI’s initial public offering (IPO) is a direct listing on the Paris Euronext Growth exchange and the first such listing for a blockchain-centric company in the country.
The share of Crypto Blockchain Industries is trading at 2 euros per share.
Growth and acceptance in mind
CBI is listed as the company seeks to increase its presence in the market and attract both strategic and industrial partners. The company plans to take the opportunity to raise additional funding from investors in the blockchain space.
“Listing on Euronext Growth Paris will allow us to increase our visibility and attract new strategic, industrial and financial partners as part of our investments in blockchain technology“Said the company’s CEO and founder, Frederic Chesnais, in a statement.
As the crypto space expands to focus its potential, CBI has directed its growth trajectory towards projects in video games, NFTs, and the virtual world of the Metaverse.
In April, the US exchange Coinbase went public via a direct listing on the Nasdaq. The IPO is one of many slated for 2021 and in the near future, with prospects for leading companies such as the US stock exchange Kraken, London-based Blockchain.com and eToro, as well as Bakkt and BlockFi.
Meanwhile, investor sentiment in the crypto market is still extremely bullish after the price of Bitcoin (BTC) hit a new all-time high of over $ 67,000. The altcoin market is also attracting huge investment, with inflows into funds and products increasing through Ethereum, Solana, and Cardano.