Bloomberg: CoinShares will go public in the US with a valuation of $1.2 billion.

BlockBeats news, on September 8, according to Bloomberg, cryptocurrency asset management company CoinShares International Ltd. has agreed to go public in the United States through a merger with the blank check company Vine Hill Capital Investment Corp. According to the company's statement, the transaction values CoinShares at $1.2 billion before the merger. CoinShares is known for its crypto asset exchange-traded products and currently manages approximately $10 billion in assets. The company's stock is currently publicly traded on the Nasdaq Stockholm, and after the merger is completed, it will apply for delisting from the Swedish exchange. After the transaction is completed, the merged entity will be renamed Odysseus Holdings Limited (referred to as Holdco). The transaction has received a commitment of $50 million in common stock investment from institutional investors and is expected to be completed by the end of the fourth quarter of this year.