News Explorer — BlackRock-Backed Securitize Plans IPO at $1.25 Billion Valuation

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Oct 28, 3:42 pm

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BlackRock-Backed Securitize Plans IPO at $1.25 Billion Valuation

Securitize plans to merge with Cantor Equity Partners II in an SPAC deal valued at $1.25 billion, with the company's common stock trading on the Nasdaq as "SECZ." The merger is expected to bring in up to $469 million in proceeds, with existing backers like BlackRock and ARK Invest rolling their equity into the combined company.

Securitize plans to merge with Cantor Equity Partners II in an SPAC deal valued at $1.25 billion, with the company's common stock trading on the Nasdaq as "SECZ." The merger is expected to bring in up to $469 million in proceeds, with existing backers like BlackRock and ARK Invest rolling their equity into the combined company.

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