Coincheck Group N.V., a subsidiary of Monex Group, Inc., has announced that it has finalized the necessary steps to become publicly traded on the Nasdaq Global Market in the US. The company’s shares will be available on Nasdaq under the ticker symbol “CNCK” starting on December 11, 2024 (EST).
Coincheck plans to use this opportunity to enhance its reputation and expand in the crypto asset and web3 industries through various initiatives such as global recruitment, acquisitions, and partnerships.
After the listing, Monex will own approximately 80% of Coincheck’s shares, equivalent to USD 1.3 billion out of the total market capitalization of USD 1.6 billion.
As part of the process, Coincheck will incur fees and expenses of up to 5.9 billion yen for financial advisors, underwriting securities firms, and other professionals, as well as a non-cash expense of approximately 9.4 billion yen under the International Financial Reporting Standards (IFRS) for shares issued to existing shareholders of Thunder Bridge Capital Partners IV, Inc. (“THCP”).
