Benchmark: Securitize's NYSE IPO imminent, target price $16

PANews reported on June 10th that, according to The Block, Benchmark maintained its "Buy" rating on tokenized infrastructure company Securitize with a target price of $16, based on its projected revenue of approximately $178 million by 2027. The U.S. Securities and Exchange Commission (SEC) has announced the effective date of the merger registration statement between Securitize and Cantor Equity Partners II. Shareholders will vote on June 29th, and if approved, the merged company is expected to list on the NYSE under the ticker symbol SECZ. The report states that Securitize possesses a differentiated advantage due to its comprehensive compliance licensing network spanning the U.S. and Europe, including registration as a brokerage firm, alternative trading system, transfer agent, and fund service provider in the U.S., and holding a trading and settlement license under the DLT Pilot regulatory framework in the EU. Securitize currently manages approximately $3.4 billion in tokenized assets, operating in a market segment exceeding $30 billion.

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