Crypto asset manager CoinShares begins trading on Nasdaq in Sweden

CoinShares, Europe’s largest crypto asset manager, has officially gone public through a listing on the Nasdaq First North Growth Market.

The firm's shares began trading under the ticker CS at 9 a.m. CET Thursday morning.

CoinShares published a series of tweets this morning announcing that it would begin trading after an “oversubscribed IPO”.

The company kicked off a share issue ahead of the IPO in February, making roughly 151 million Swedish Krona (roughly $18m) of shares available for investment. But by the time the company announced the offering on February 22, the bulk of those shares had already been subscribed for by members of its board of directors, management team, existing shareholders, as well as through external investment.

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