Bitcoin wallet developer Exodus to go public on New York Stock Exchange

Exodus Movement, Inc. Goes Public on NYSE American

Exodus Movement, Inc., the developer of the non-custodial crypto wallet Exodus, is scheduled to go public on May 9 on the NYSE American with the aim of generating “long-term value” for investors. The common stock of Exodus has been approved for listing on the New York Stock Exchange, with trading set to begin under the symbol EXOD on May 9.

Exodus CEO on Stock Exchange Listing

Exodus CEO JP Richardson views the listing on the stock exchange as a “significant milestone” for the company, emphasizing that trading on the NYSE will enable Exodus to “create greater long-term value for our stockholders” by expanding its presence within the investor community and increasing liquidity.

Exodus and its Journey

Established in 2015, Exodus is renowned for its software that facilitates the storage of multi-chain assets, allowing users to maintain private keys independently without relying on a third party. The company conducted a Regulation A sale in April 2021, raising $60 million in five days, with a majority of investment commitments coming from non-accredited investors.

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