Skip to main content
  • Register
  • Help
  • Contact us

NFT Investments doubles IPO to £20m

Wed 07 April 2021 10:50 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - NFT Investments has doubled the size of its initial public offering to £20m because of strong demand from investors wanting to buy into the crypto-craze.

The non-fungible tokens investor said it now plans to issue 400m new shares at 5p each, valuing NFT at £35m. It will list the shares on the Aquis Stock Exchange Growth Market.

The company says it is the world's first business investing solely in NFTs to offer shares on a stock market in a major jurisdiction. NFTs are tokens tied to blockchain technology that are meant to act as a digital certificate of ownership of digital art, music and other media.

Jonathan Bixby, NFT's executive chairman, said: "We are very encouraged by the strong interest from a wide range of investors who clearly wish to gain early exposure to the fast-growing market for NFTs."

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More company news from ShareCast