Diginex will be publicly traded on Nasdaq

Diginex is going public on Nasdaq

The Diginex acquisition of 8i Enterprise Acquisition Group has been voted on and given the green light by 8i Enterprise Acquisition Group shareholders. During the shareholder vote on September 15th, over 80% of shareholders voted in favor of the acquisition. As a result, Diginex will become a publicly-traded company on the Nasdaq stock exchange later this month and the 8i Enterprise Acquisition Group ticker symbol ($JFK) will change to $EQOS. 

Once $EQOS goes live, it will be the first publicly traded digital currency exchange in the United States.

The road to going public

The deal between Diginex and 8i Acquisition Group was first announced in July 2019. At the time, it was believed that the two companies would have the deal closed, and Diginex publicly trading, by March 2020. However, Coronavirus delayed those plans.

In July, the SEC revisited and re-approved the deal; subsequently, the shareholder vote date was set for September 15th (yesterday), and a majority of shareholders voted in favor of the deal.

Diginex selected ‘EQOS’ as their ticker symbol because Diginex recently launched EQUOS.io, a platform that provides spot and derivatives trading as well as over-the-counter trading services and digital currency custody services.

Expect more digital currency companies to go public.

Diginex isn’t the only digital currency exchange with plans to go public; it is rumored that Coinbase has been preparing to go public. According to individuals familiar with the matter, the digital currency exchange is expected to start trading on a U.S. stock exchange as early as late 2020 or early 2021.

It is also rumored that BlockFi is looking to go public. In July, BlockFi posted a job listing saying that they were looking for a chief financial officer that could guide and position the finance team for late-stage investment, acquisition, and/or IPO. BlockFi CEO Zac Prince also said the team would consider taking BlockFi public via a Special Purpose Acquisition Company, similar to how Diginex will be going public later this month.

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