Tap Global, a fintech app that allows users to send and receive money in fiat currencies and cryptoassets, has announced its intention to list publicly in London.
The firm will apply for admission to trading on the Alternative Investment Market (AIM) of the London Stock Exchange.
Tap Global, which aims to establish itself as a bridge between traditional assets and the crypto market, said it expects its admission onto AIM to become effective, and that dealings in ordinary shares will commence, on 27 June.
Founded in 2018, Tap previously listed its shares on the Aquis Exchange, a challenger stock market based in London that was sold to Switzerland’s Six Group last year for £207m.
As part of the move, Tap will be cancelling the trading of its shares on the Aquis exchange.
“This move to AIM is the logical next step in our evolution, driven by a landmark financial year where we expect to report record revenues and our first full year of positive EBITDA,” said Arsen Torosian, chief executive of Tap Group.
“The Board believes AIM is the right platform for a company of our scale and ambition, providing the profile and access to a wider investor base that will support our growth.
“While much of the growth of e-money platforms has happened in private markets, our move to AIM provides a unique opportunity for public investors to participate on the London Stock Exchange in a proven, profitable, and high-growth fintech journey.”
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