Dispersion Holdings, an investment company specialising in decentralised finance (DeFi) and established by the co-founders of Argo Blockchain plc, is pleased to announce that dealings in its ordinary shares will commence on the Aquis Stock Exchange Growth Market (AQSE) from 8am today, 30 April 2021.
The shares will be traded under the ticker symbol DEFI. The ISIN code is GB00BN6JHS87, and the SEDOL code is BN6JHS8.
The Company has been admitted to the Access segment of the AQSE following a placing and subscription that raised a combined £9 million, and a pre-IPO fundraising that raised £2.2 million, before expenses.
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DeFi is a disruptive technology that uses the blockchain and cryptocurrencies to remove financial intermediaries from transactions creating a quicker, cheaper, more efficient and more secure way of providing financial services.
On admission, the Company will have 612,500,000 ordinary shares in issue, valuing Dispersion Holdings at a market capitalisation of approximately £18 million.
Novum Securities acted as AQSE corporate adviser and broker to the Company.
The flotation will enable Dispersion Holdings to raise the public profile of DeFi and provide new funds for the Company to execute its portfolio driven investment strategy and realise long-term value creation. The global DeFi market is seeing strong growth and by August 2020, it was estimated that $7 billion was held in various DeFi platforms (source: medium.com).
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The Company has already made initial investments in NFT Investments plc and ePIC Blockchain Technologies, Inc..
Michael Edwards, Chief Executive Officer of Dispersion Holdings, said: “Dispersion Holdings’ admission to the AQSE Growth Market marks a significant milestone in our journey and, indeed, for the DeFi sector in the world’s leading financial centre. It is a vote of confidence in our investment plans and gives us a firm foundation on which to build our long-term growth strategy in a market that has bright days ahead. London has a golden opportunity to become the global capital for DeFi, and we look forward to demonstrating the value of this growing part of the FinTech sector.”
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