Huaxing Capital served as the sole underwriter in the C1 Fund's inaugural IPO in Asia

ChainCatcher news, recently Huaxing Capital, as the only underwriter in Asia, assisted the first closed-end fund in the Web3 industry focused on primary market investments, C1 Fund (CFND), in successfully completing its listing on the New York Stock Exchange.

In this initial public offering (IPO), C1 Fund globally issued 6,000,000 shares, with an issue price set at $10 per share, raising approximately $60 million; the fund plans to invest at least 80% of its total assets in equity and equity-linked securities of companies primarily engaged in Web3 and digital asset services and technology, and intends to achieve its investment goals through a portfolio of investments in 30 top digital asset service and technology companies identified by the fund.

It is reported that Huaxing Capital, as a comprehensive financial service institution based on the forefront of technology and focused on empowering the new economy, has been committed to exploring the most outstanding enterprises since its establishment and working hand in hand with them to create value.