Securitize to raise $400M ahead of IPO, plans July 2 listing

Real-world asset (RWA) tokenization platform Securitize plans to raise $400 million ahead of its initial public offering (IPO), CoinDesk reported. The company is pursuing the IPO through a merger with Cantor Equity Partners II (Nasdaq: CEPT), a special purpose acquisition company (SPAC) affiliated with Cantor Fitzgerald. The transaction is expected to close on July 1, following shareholder approval and the fulfillment of other customary closing conditions on June 29. The combined entity plans to begin trading on the New York Stock Exchange (NYSE) under the ticker SECZ on July 2.