DeFi Incubator Dispersion Holdings Applies to List on Canadian NEO Exchange

DeFi incubator Dispersion Holdings plc (AQSE: DEFI) has submitted an application for the listing of its ordinary shares on the Canadian Neo Exchange. Dispersion Holdings currently has a market cap of around £26 million.

NEO Exchange is an early stage Fintech that aims to “re-focus on the fundamental values of a stock exchange” challenging the “behaviours of most for-profit stock exchanges” while providing stakeholders “access to a stronger, fairer, and more transparent stock exchange.” Last month, Cboe Global Markets, Inc. (Cboe: CBOE), agreed to acquire Aequitas Innovations, Inc., the parent of NEO.

According to a company statement, the Directors of Dispersion Holdings believe that by listing on the NEO Exchange, it will gain access to an increased number of both retail and institutional investors in North America. The company added that there is no assurance or guarantee that the Company will be successful in obtaining listing approval from the NEO Exchange.

Dispersion will continue to be admitted to trading on the Access segment of the AQSE Growth Market, a London-based stock exchange.

Additionally, on August 16, 2021, Dispersion Holdings announced that it had filed an application with OTC Markets Group for its shares to be cross-traded publicly on the OTCQB Venture Market. This application remains in process.

Philip Blows, Chief Executive, commented on the announcement:

“We are greatly excited to apply for a dual listing on the NEO Exchange. Dispersion has global ambitions, and trading in both London and Canada will allow the company to be exposed to swathes of new investors and improve brand visibility. Our application follows the successful launch of our decentralised finance platform, and we look forward to welcoming Canadian investors to share in our business growth.”

 


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