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Hong Kong Crypto Company Amber Group May Go Public In The U.S. Within Two Years
Summary: During an interview with the South China Morning Post, Michael Wu, CEO of the Hong Kong-based crypto unicorn Amber Group, said that the company is considering a direct listing within the next two years. Founded in 2017 by a group of quantitative traders from Morgan Stanley, Amber Group has more than 400 employees worldwide and ...
During an interview with the South China Morning Post, Michael Wu, CEO of the Hong Kong-based crypto unicorn Amber Group, said that the company is considering a direct listing within the next two years.
Founded in 2017 by a group of quantitative traders from Morgan Stanley, Amber Group has more than 400 employees worldwide and an AUM of over $1.5 billion in crypto assets from institutional and retail investors. Amber allows customers to earn interest from cryptocurrency deposits (annualized interest rate up to 16%), which are used to lend to other entities at a higher interest rate.
In June, Amber Group raised US$100 million in Series B financing from major investors, including China Renaissance Capital, Tiger Securities, Tiger Global Management, and Coinbase.
By Mary Liu
Tags: Amber Group,Michael Wu
Link: Hong Kong Crypto Company Amber Group May Go Public In The U.S. Within Two Years [Copy]
