NFT Investments raises £35m in Aquis share placement
NFT Investments, a firm investing in non-fungible tokens, has raised £35m through a share placement on London’s alternative trading system Aquis. The Block reports.
Initially the firm planned to raise £10m ($13.8m), offering 200m shares at five pence each. In that scenario the company’s market capitalisation would be £25m ($34.3m).
With demand more than three times the target, the company was valued at £50m. NFT Investments’ shares will begin trading on 16 April.
A third of the funds raised will be used to acquire tokens across sectors including gaming and digital art. The remainder will be invested in established players in the space, such as Dapper Labs and Rarible, as well as NFT-related digital rights.
NFT Investments was founded in March by Argo Blockchain founders Jonathan Bixby and Mike Edwards.
Earlier today ForkLog reported that The New York Stock Exchange issued a collection of NFTs to mark the IPOs of high-tech American companies.
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