Exodus Movement, Inc., the developer of non-custodial crypto wallet Exodus, is preparing to go public on the NYSE American on May 9 with a focus on delivering long-term value to investors.

Crypto wallet maker Exodus Movement, Inc. has received approval for its common stock to be listed on the New York Stock Exchange (NYSE), as announced in a press release on May 6.

The company’s Class A common stock, valued at $0.000001 per share, will begin trading under the symbol EXOD when the market opens on May 9. Prior to this, the common stock will be available for trading on OTCQX until the market closes on May 8.

Exodus CEO JP Richardson views the listing on the stock exchange as a significant milestone for the company. He believes that trading on NYSE will enable Exodus to generate greater long-term value for stockholders by expanding its presence in the investor community and enhancing liquidity.

Established in 2015, Exodus is renowned for its software that enables users to store multi-chain assets securely while retaining control of their private keys without relying on a third party. In April 2021, the Delaware-based company raised $60 million through a Regulation A sale in just five days, with the majority of investment commitments originating from non-accredited investors.

Stay informed with the latest news and developments in the cryptocurrency world by exploring more articles on Global Crypto News.

Post Views: 20