Exodus Movement, Inc., the developer of non-custodial crypto wallet Exodus, is set to go public on May 9 on the NYSE American in a bid to create “long-term value” for investors.
Crypto wallet maker Exodus Movement, Inc. received approval for its common stock for listing on the New York Stock Exchange (NYSE), the company announced in a press release on May 6.
The company disclosed that its common stock had secured approval for listing on the New York Stock Exchange (NYSE). The Class A common stock, valued at $0.000001 per share, will begin trading under the symbol EXOD upon the opening bell on May 9. The common stock will also remain available for trading until the market closes on May 8 on OTCQX, a financial platform catering to over-the-counter securities.
Exodus CEO JP Richardson says the listing on the stock exchange marks a “significant milestone” in the company’s journey, adding that trading on NYSE will allow Exodus to “create greater long-term value for our stockholders by increasing our presence within the investor community and, in turn, increase liquidity.”
“We believe the uplisting will broaden the awareness of Exodus.”
JP Richardson
Founded in 2015, Exodus has become well-known for its software facilitating the storage of multi-chain assets while allowing users to keep private keys on their own without depending on a third party. In April 2021, the Delaware-based company raised to the tune of $60 million via a Regulation A sale in five days, with approximately 92% of investment commitments coming from non-accredited investors.