CoinVoice has learned that C1 Fund (CFND), a private equity firm focused on Web3 and digital asset services, has successfully listed on the New York Stock Exchange. This IPO issued 6 million shares at an issue price of $10 per share, raising approximately $60 million. Huaxing Capital served as the sole underwriter in Asia for this IPO.
C1 Fund plans to invest at least 80% of its total assets in equity of companies in the Web3 and digital asset services technology sector, aiming to invest in 30 top enterprises. The core team of the fund includes former Coinbase Chief Legal Officer Michael Lempres (Chairman), Dr. Najam Kidwai (CEO), Michael Zhao (Vice Chairman) of Klickl, and former Goldman Sachs executive Elliot Han (Chief Investment Officer), among other experienced professionals. [Original link]