#SecuritizeToBeginNYSETrading
Another platform that joins the New York Stock Exchange, Securitize, the tokenization platform for BlackRock’s BUIDL fund, will begin trading on the New York Stock Exchange (NYSE) on July 2 under the ticker SECZ, following a merger with a SPAC (special purpose acquisition company) from Cantor Equity Partners II that raised more than $400 million, including a $225 million private investment in public equity (PIPE) with oversubscription.
Securitize CEO Carlos Domingo confirmed the terms Friday morning on his personal X account. The deal was carried out through Cantor Equity Partners II, a special purpose acquisition company sponsored by Cantor Fitzgerald. Domingo said the company raised a private investment in public equity (PIPE) of $225 million, the largest PIPE for any operating company that has entered via a SPAC since 2021. Final redemptions were below 30%, leaving the merged company with more than $400 million in cash at the time of listing. The Block reported Thursday morning that Securitize was close to raising about $400 million through the merger. $PIPE
Another platform that joins the New York Stock Exchange, Securitize, the tokenization platform for BlackRock’s BUIDL fund, will begin trading on the New York Stock Exchange (NYSE) on July 2 under the ticker SECZ, following a merger with a SPAC (special purpose acquisition company) from Cantor Equity Partners II that raised more than $400 million, including a $225 million private investment in public equity (PIPE) with oversubscription.
Securitize CEO Carlos Domingo confirmed the terms Friday morning on his personal X account. The deal was carried out through Cantor Equity Partners II, a special purpose acquisition company sponsored by Cantor Fitzgerald. Domingo said the company raised a private investment in public equity (PIPE) of $225 million, the largest PIPE for any operating company that has entered via a SPAC since 2021. Final redemptions were below 30%, leaving the merged company with more than $400 million in cash at the time of listing. The Block reported Thursday morning that Securitize was close to raising about $400 million through the merger. $PIPE