Blockchain Financial Firm Diginex Goes Public in Reverse Merger With 8i

Blockchain Financial Firm Diginex Goes Public in Reverse Merger With 8i

Hong Kong-based blockchain financial services firm Diginex Ltd. is scheduled to go public through a reverse merger with investment holding company 8i Enterprises Acquisition Corp. Subsequently, the firm will be listed on the , Bloomberg on July 10.

Diginex is reportedly going to close a reverse merger deal with 8i, which will reportedly amount to $276 million including debt. Diginex shareholders will reportedly get 20 million ordinary shares of 8i, valued at $10 per share.

According to Diginex’s CEO Richard Byworth the deal is set to ensure “broader market visibility” for the company. As such, Diginex will be “the first fully-diversified blockchain player on Nasdaq,” Byworth added. 

Last fall, Diginex Global Digital Finance, the industry body driving acceleration and adoption of digital finance, as a founding member. Diginex thus joined other industry leaders, including crypto finance firm , blockchain startup , crypto exchange Coinbase and enterprise blockchain software firm .

As reported in late June, cryptocurrency mining giant was plans for an initial public offering. Bitmain was reportedly planning to file listing documents with the United States , potentially paving the way for a share sale to take place later this year.