Web3 investment fund C1 Fund listed on the New York Stock Exchange, with Huaxing Capital serving as the sole underwriter in Asia

ChainCatcher news, the private equity investment firm C1 Fund (CFND), focused on Web3 and digital asset services, has successfully listed on the New York Stock Exchange. This IPO issued 6 million shares at a price of $10 per share, raising approximately $60 million. Huaxing Capital served as the sole underwriter for this IPO in Asia.

C1 Fund plans to invest at least 80% of its total assets in equity of companies in the Web3 and digital asset services technology sector, targeting investments in 30 top enterprises. The core team of the fund includes seasoned professionals such as Michael Lempres, former Chief Legal Officer of Coinbase (Chairman), Dr. Najam Kidwai (CEO), Michael Zhao, CEO of Klickl (Vice Chairman), and Elliot Han, former executive at Goldman Sachs (Chief Investment Officer).