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Genius Group Engages DLA Piper as Advisor on Australian Securities Exchange (ASX) Dual Listing.
Globenewswire· 2025-12-18 13:00
Core Viewpoint - Genius Group Limited has appointed DLA Piper as an advisor for its application for a dual listing on the Australian Securities Exchange (ASX) to enhance shareholder value and accessibility [1][5]. Group 1: Dual Listing Process - The Board of Directors approved the pursuit of a dual listing on August 8, 2025, focusing on enhancing shareholder value and accessibility [2]. - The Company has shortlisted three potential exchanges: ASX, KRX (South Korea), and HKEX (Hong Kong), ultimately selecting ASX as the preferred venue [3][4]. - DLA Piper will prepare and lodge an In Principle Advice Application with ASX within the next 45 days, with the dual listing process expected to take approximately four months, pending ASX approval [5][6]. Group 2: ASX Advantages - ASX provides a streamlined pathway for NYSE Amex listed companies to access a deep Asia-Pacific investor base while maintaining their primary U.S. listing [3]. - The ASX framework allows for trading through CHESS Depositary Interests (CDIs), enabling local investors to trade economic interests in GNS shares registered in the U.S. [4]. - ASX has over 2,000 listed entities and a daily trading volume exceeding US$3 billion, making it an ideal exchange for an international education company like Genius Group [7]. Group 3: Company Overview - Genius Group is a Bitcoin-first business offering AI-powered education and acceleration solutions, serving 6 million users across over 100 countries [8]. - The Company focuses on personalized, entrepreneurial AI pathways that integrate human talent with AI skills and solutions at various levels, including individual, enterprise, and government [8].
Asante Gold Announces Intention to Dual List on ASX
Globenewswire· 2025-12-08 12:01
Core Viewpoint - Asante Gold Corporation is initiating the process to dual list its securities on the Australian Securities Exchange (ASX) to enhance its shareholder base and trading liquidity, aiming for a listing in early 2026 [1][2]. Company Overview - Asante Gold Corporation is a gold exploration, development, and operating company with a portfolio of projects and mines in Ghana, including the Bibiani and Chirano Gold Mines [3]. - The company is also conducting technical studies at its Kubi Gold Project and exploring additional projects such as Keyhole, Fahiakoba, and Betenase, all located in Ghana's Golden Triangle [3]. Listing Strategy - The dual listing on the ASX is intended to broaden Asante's investor base and increase visibility among Australian and Asia-Pacific investors, leveraging the strong mining-sector expertise in that market [2][3]. - The company has filed a Suitability Application with the ASX and is collaborating with Australian advisors to prepare the necessary listing materials [2]. Leadership Perspective - The President and CEO of Asante, Dave Anthony, emphasized that the ASX listing will align Asante with peer African and global gold producers, aiming to expand the institutional shareholder base in Australia [3].
Revolut Eyes Dual London-New York IPO at $75B Valuation: Report
Yahoo Finance· 2025-09-29 10:36
Core Insights - Revolut is exploring a dual listing in London and New York, potentially valuing the company at around $75 billion, which would position it among the most valuable companies on the London Stock Exchange [1][7] - If successful, Revolut would become the first company to simultaneously join the FTSE 100 index in London while listing in New York, with a market cap equivalent to £55 billion, ranking it among the top 15 listed firms in the UK [2][7] Company Background - Founded by Nik Storonsky, Revolut has transformed from a travel-focused prepaid card provider into Europe's most valuable private fintech, offering services such as crypto trading, hotel bookings, and business accounts, serving 65 million users globally, including 12 million in the UK [3] - Despite previous criticisms of London's listing environment, Storonsky has shown openness to a UK listing if conditions improve [3] Regulatory Environment - Recent regulatory changes allow companies like Revolut to be fast-tracked into the FTSE 100 within five days, facilitating index-tracking fund participation in IPOs [4] - Political support has been evident, with UK Chancellor Rachel Reeves promoting Britain as "the best place to do business" during the launch of Revolut's new headquarters [4] Industry Context - The momentum for crypto-related public offerings is increasing, as seen with BitGo's recent IPO filing, indicating a growing interest in digital asset companies going public [6]
Singapore's Carro raises $60 million to promote Japanese cars in Asia
Yahoo Finance· 2025-09-17 00:19
Group 1 - Carro, Southeast Asia's largest used-car online marketplace, has raised $60 million in a funding round led by Japan's Cool Japan Fund to promote Japanese cars in the Asia-Pacific region [1][3] - The company is planning to expand into Australia and is considering a dual listing, with a potential U.S. initial public offering valued at over $3 billion [2][3] - Carro operates a digital platform for buying and selling vehicles, offering additional services such as insurance and financing, and is backed by investors including Temasek and SoftBank Group [3] Group 2 - The investment from Cool Japan Fund aims to increase overseas demand for Japanese products and services, particularly in the automotive sector [3] - Carro has a presence in multiple markets including Singapore, Malaysia, Indonesia, Thailand, Japan, Taiwan, and Hong Kong [2] - If Carro proceeds with its U.S. IPO, it would be the largest Southeast Asian listing in the U.S. since SEA's debut in 2017 [2]
Wise Considers Becoming a Bank in UK
PYMNTS.com· 2025-09-01 17:47
Core Viewpoint - Payments company Wise is considering becoming a full-fledged bank in the United Kingdom, with plans still in early stages and no banking license application submitted yet [2][3]. Group 1: Company Developments - Wise has been in discussions with experienced financial services executives regarding roles in a potential banking business over the last two months [2]. - The company, originally known as TransferWise, rebranded to Wise in February 2021 to reflect its expanded services, including bank-like offerings such as debit cards and multi-currency accounts [2]. - Wise is currently operating under electronic money rules, which means customer funds cannot be used for lending and must be ring-fenced [3]. Group 2: Strategic Implications - A banking license would allow Wise to convert safeguarded funds into deposits, enabling them to recycle these into lending opportunities [4]. - Obtaining a banking license would provide Wise with direct access to the U.K.'s payment infrastructure, reducing reliance on third-party banks for clearing and settlement, which could lower costs and operational complexity [4]. Group 3: U.S. Market Moves - In June, Wise applied to become a national trust bank in the United States, allowing it to settle dollar payments directly with the Federal Reserve, potentially reducing costs and speeding up transfers [4]. - The company announced plans to move its primary listing to a U.S. stock exchange while maintaining a secondary listing on the London Stock Exchange, which Wise co-founder and CEO Kristo Käärmann stated would bring substantial strategic and capital market benefits [5][6]. - The dual listing aims to enhance awareness of Wise in the U.S., which is viewed as the largest market opportunity for its products, and to provide better access to deep and liquid capital markets [6].
Jeffs' Brands Announces Strategic Decision to Apply to List its Ordinary Shares on the Frankfurt Stock Exchange, Aimed to Increase Exposure to Potential Investors in Europe
Globenewswire· 2025-08-21 11:14
Core Viewpoint - Jeffs' Brands Ltd is initiating the process to list its ordinary shares on the Frankfurt Stock Exchange to enhance visibility and trading liquidity in Europe [1][3]. Group 1: Listing Announcement - The board of directors of Jeffs' Brands has resolved to commence the application process for trading its ordinary shares on the Frankfurt Stock Exchange [1]. - The company's ordinary shares and public warrants will continue to trade on the Nasdaq Capital Market under the symbols JFBR and JFBRW, respectively [2]. Group 2: Strategic Intent - The potential dual listing on the Frankfurt Stock Exchange is aimed at broadening the company's investor base and creating new opportunities by exposing it to European institutional and retail investors [3]. - The company believes that this strategic step may significantly enhance its visibility and trading liquidity in Europe [3]. Group 3: Listing Process Considerations - The timing of the listing process will depend on various factors, including overall market conditions and the company's ability to meet the Frankfurt Stock Exchange listing criteria [4]. - There is no assurance that the company's application will be approved or that a trading market will develop [4]. Group 4: Company Overview - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging insights into the FBA Amazon business model [5]. - The company utilizes both human capability and advanced technology to enhance product offerings [5].
Vistra Announces Dual Listing on NYSE Texas
Prnewswire· 2025-08-18 13:00
Core Viewpoint - Vistra announced the dual listing of its common stock on NYSE Texas, effective August 19, 2025, enhancing its presence in the financial market [1]. Group 1: Company Overview - Vistra is a leading integrated retail electricity and power generation company based in Irving, Texas, providing essential resources across the United States from California to Maine [4]. - The company operates a diverse power generation fleet, including natural gas, nuclear, coal, solar, and battery energy storage facilities, focusing on reliability, affordability, and sustainability [4]. Group 2: Strategic Moves - Vistra has become a Founding Member of NYSE Texas, reflecting its long-standing Texas roots dating back to 1882 [2]. - The company will continue to trade under the ticker symbol "VST" on both NYSE and NYSE Texas, maintaining its primary exchange on NYSE [3]. Group 3: Industry Context - The establishment of NYSE Texas aims to position Texas as a leading global financial hub, aligning with Vistra's commitment to the state's economic growth [2]. - The dual listing is expected to enhance Vistra's visibility and accessibility to investors, further solidifying its market position [1][3].
Globe Life Inc. Announces Dual Listing on NYSE Texas
Prnewswire· 2025-08-14 13:00
Core Viewpoint - Globe Life Inc. has announced the dual listing of its common stock on NYSE Texas, while maintaining its primary listing on the New York Stock Exchange, indicating a strategic move to strengthen its presence in Texas [1][2]. Company Overview - Globe Life is headquartered in McKinney, Texas, and employs over 16,000 insurance agents and 3,600 corporate employees [3]. - The company issues more life insurance policies than any other life insurance company in the United States, with over 17 million policies in force [3]. - Globe Life's subsidiaries include American Income Life Insurance Company, Family Heritage Life Insurance Company of America, Globe Life And Accident Insurance Company, Liberty National Life Insurance Company, and United American Insurance Company [3]. Strategic Importance - The dual listing on NYSE Texas reflects Globe Life's commitment to the Texas community, where its headquarters is located [2]. - The relationship with the New York Stock Exchange is emphasized as fundamental to the company's financial strength [2].
AT&T Announces Dual Listing on NYSE Texas
Prnewswire· 2025-07-31 13:30
Core Viewpoint - AT&T announced the dual listing of its common stock on NYSE Texas, effective August 1, 2025, while maintaining its primary listing on the New York Stock Exchange [1][2]. Company Commitment to Texas - AT&T has a long-standing relationship with the New York Stock Exchange, dating back to September 4, 1901, and is proud to strengthen its commitment to Texas through this dual listing [2][4]. - The company has invested nearly $13 billion in Texas network infrastructure from 2020 to 2024 and donated over $43 million across the state, with nearly $11 million aimed at bridging the digital divide [4][5]. Community Engagement - AT&T operates 14 Connected Learning Centers in Texas to enhance connectivity and support local communities [4]. - The company employs nearly 24,000 individuals in Texas, contributing to the state's innovation and business growth [5]. Historical Significance - AT&T is one of only 12 companies that have been listed on the New York Stock Exchange for over 120 years, highlighting its historical significance in the financial market [2]. Business Operations - AT&T serves more than 100 million U.S. families and nearly 2.5 million businesses, providing services that range from traditional phone calls to advanced 5G wireless and multi-gig internet offerings [6].
Maxus Mining Announces Listing on the Frankfurt Stock Exchange Under the Symbol R7V
Globenewswire· 2025-05-29 12:00
Company Overview - Maxus Mining Inc. is a mineral exploration company focused on locating, acquiring, and developing economic mineral properties in premier jurisdictions [3] - The company is currently progressing its Penny Copper Project and evaluating future opportunities to expand operations [3] Recent Developments - Maxus Mining's common shares are now trading on the Frankfurt Stock Exchange under the symbol "R7V", providing international exposure to Canadian and European investors [1][2] - The dual listing is expected to enhance visibility to a broader pool of investors and increase liquidity for current shareholders [2][3] Penny Copper Project Details - The Penny Copper Project spans approximately 3,122 hectares and has a history of exploration activity over the last 100+ years [4] - Recent exploration work included rock sampling, with notable copper values recorded: 1,046 ppm Cu, 1,808 ppm Cu, and 2,388 ppm Cu from grab samples [4]