Movers and SHAKERS
Voyager Digital Ltd. (VYGVF)(VYGR:CA)
How Does Voyager Measure Up in Crypto Going Public Craze?
Voyager Digital Ltd through its subsidiary, operates as a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet and custody services through its institutional-grade open architecture platform.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Crypto Craze. Running against the flow of declining crypto currency prices, a number of crypto asset related firms have announced plans to come public, either through IPOs or through a SPAC merger. We took a look at the estimated valuations of these firms and continue to believe Voyager shares represent compelling value. While it is true the competitive environment appears to be heating up, we believe additional publicly-traded assets in the space will attract additional investor interest and the young, fast growing industry can accommodate additional competitors.
Bullish. Crypto exchange Bullish recently announced it is coming public through a merger with SPAC Far Peak Acquisition. Estimated equity valuation is $9 billion, with an estimated enterprise value of $7.4 billion. Bullish provides a range of revenue-$468-$888 million-and EBITDA-$209-$491 million-in its investor presentation. This generates valuation multiples of 8.3x-15.8x revenue and 15.1x-35.4x ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.