CoinVoice has recently learned that Huaxing Capital, as the only underwriter in Asia, assisted C1 Fund (CFND), the first closed-end fund focused on primary market investments in the Web3 industry, in successfully listing on the New York Stock Exchange.
In this initial public offering (IPO), C1 Fund globally issued 6,000,000 shares, with an issuance price set at $10 per share, raising approximately $60 million; the fund plans to invest at least 80% of its total assets in equity and equity-linked securities of companies primarily engaged in Web3 and digital asset services and technology, and intends to achieve its investment goals through a portfolio of investments in 30 top digital asset service and technology companies identified by the fund.
It is reported that Huaxing Capital, a comprehensive financial service institution based on the cutting edge of technology and focused on empowering the new economy, has always been committed to exploring the most outstanding enterprises and working hand in hand with them to create value since its establishment. [Original link]