Denmark-headquartered broker, Saxo Bank announced its intentions today to become a public company by merging with Disruptive Capital Acquisition Company Limited.
If the deal materializes, the merged entity will be listed on Euronext Amsterdam. Additionally, Saxo will become one of the few publicly listed brokerages, Finance Magnates reports.
Moreover, the broker has detailed that the purpose of the potential public listing is to diversify its shareholder base. On top of that, it will raise the company’s profile and accelerate its growth strategies.
“We have a strong ownership, which we hope to strengthen and diversify even further, with full confidence that Saxo Bank is heading in the right strategic direction,” said Kim Fournais, Saxo founder and CEO. Read more.
