Fieldfisher advised First Sentinel Corporate Finance Limited, Novum Securities Limited and Tennyson Securities on the deal. Fladgate advised NFT Investments PLC.
First Sentinel Corporate Finance Limited, Novum Securities Limited and Tennyson Securities acted as joint brokers on a placing to raise £35 million for NFT Investments PLC ahead of the company’s listing on the Aquis Stock Exchange Growth Market (Access segment) on Friday 16 April.
The fundraising gives NFT Investments a market capitalisation of £50 million.
The £35 million raised is a record for a company listing on the Aquis Stock Exchange, a European securities trading market founded in 2001 and based in London and was more than three times NFT Investments’ initial target.
The company was created to invest directly into non-fungible tokens (NFTs), companies and rights and is the world’s first pure-play investment company focused exclusively on investing in NFTs to launch on a stock market in a major jurisdiction.
NFT Investments was established by the co-founders of LSE-listed crypto mining firm Argo Blockchain PLC, which was the first crypto-mining service to list on the Main Market of the London Stock Exchange in August 2018.
Fieldfisher corporate partner Anthony Brockbank (Picture) led the Fieldfisher team advising the brokers.
The Fladgate team comprised partner David Robinson, supported by associate David Lee and trainee Isha Wurie.