Exodus Wallet Developer’s Shares Surge 36% Following NYSE Debut

On December 18, trading commenced for shares of the non-custodial software developer Exodus Movement under the ticker EXOD. By the end of the day, the stock had soared by 36.3%, with a market capitalization reaching $1.43 billion.

At its peak, the stock was valued at $67, but by the close of trading, it had adjusted to $53.1.

In the third quarter of the current fiscal year, Exodus reported revenues of $20.1 million, with a net loss of approximately $800,000.

Exodus was founded in 2015. In 2021, the company went public, conducting a token sale worth $75 million and securing a securities listing on the tZERO platform.

The initial listing on the NYSE was scheduled for May 9. Exodus Movement postponed the date, citing procedural reviews by the SEC.

Earlier in December, MicroStrategy’s shares were included in the Nasdaq 100 index calculation.