One of the most important RWA news stories was that Securitize, a top player in the industry, was going public through a merger with a blank-check company owned by Cantor Fitzgerald, valuing it at over $1.25 billion. This article explores everything we know about the deal and when the listing will likely take place.
What is Securitize?
Securitize is a top player in the Real-World Asset (RWA) tokenization industry, helping companies like BlackRock, Apollo, Hamilton Lane, and Mantle launch their tokenized funds.
It has raised over $132 million from companies like Ark Invest, BlackRock, and Morgan Stanley. Its most recent raising valued it at $1 billion, making it one of the top companies in the RWA industry.
Data shows the company has over $4.4 billion in assets, with the biggest one being BlackRock’s BUIDL, which has over $2.8 billion in assets. The other top funds in the network include Exodus Movement, Mantle, Apollo Global, and VanEck.
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When Will Securitize Go Public?
Securitize revealed that it will go public through a SPAC deal with a shell company owned by Cantor Fitzgerald. The SPAC route is seen as an easier route for a company to go public than an Initial Public Offering (IPO).
The most likely scenario is that the company completes the transaction in the next 2 to 3 months. After the announcement, the company will need to file the S-4 document with the SEC for review.
After that, the shareholders of the Cantor Equity Partners II will vote to approve or reject the application. In most cases, shareholders vote to approve these mergers, but rejections have happened in some instances. This means that the company will likely go public in January.
Will the Securitize Stock Rise or Fall After the Nasdaq Listing?
In a recent interview with Forbes, the company’s CEO noted that its revenue was surging and expected to reach $69 million this year.
This growth, coupled with its large market share in the RWA industry, means that the stock may surge after the listing, as companies like Circle and Gemini did.
However, history shows that the initial surges are usually short-lived and are often followed by pullbacks as the hype eases.
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