Exodus Movement, Inc., the company that made the non-custodial bitcoin wallet Exodus, is getting ready to go public on the New York Stock Exchange (NYSE). The company’s public offering, which is set for May 9, is meant to give buyers long-term value.
The company announced in a press release on May 6 that it had been given permission to list Exodus Movement, Inc.’s common stock on the NYSE. Each Class A common stock share is worth $0.000001 and will start trading on May 9 under the code EXOD when the NYSE opens.
NYSE Welcomes Exodus Debut
Before that, the common stock can be bought and sold on the OTCQX platform until May 8, when the market stops. CEO J.P. Richardson was excited about the company’s significant accomplishment and said that the NYSE launch was a significant move forward for Exodus. Trading on the NYSE, according to Richardson, will increase the company’s long-term value for owners by making it more visible to investors and increasing liquidity.
We believe the uplisting will broaden the awareness of Exodus. JP Richardson
Exodus was founded in 2015 and is known for its software that lets users store multi-chain assets safely while keeping control of their private keys and not having to rely on third parties. The Delaware-based company raised $60 million in five days through a Regulation A sale in April 2021. A lot of the investment plans came from people who were not accredited investors.
