Crypto Fund C1 Fund plans to raise $100 million through IPO to invest in digital asset technology

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Cointime2024/11/15 07:11

By:Cointime

On November 15th, C1 Fund Inc., a closed-end investment company, submitted a registration statement to the US Securities and Exchange Commission (SEC) on November 12th, planning to raise $100 million through an initial public offering (IPO). The fund will invest at least 80% of its total assets in equity and equity-related securities of companies in the digital asset services and technology sectors, with a focus on the top 30 leading companies in this field.

C1 Fund is headquartered in Palo Alto, California and is co-founded by Dr. Najamul Kidwai, who serves as President and CEO. The fund plans to list on the New York Stock Exchange and will be advised by C1 Advisors LLC, also located in Palo Alto.

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