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Securitize, the digital securities platform preparing to go public, says it expects to raise $400 million on its debut after less than 30% of shareholders in the acquisition firm taking it public elected to redeem their shares.
That low redemption figure is the mechanism driving the headline number — and it matters more than the round dollar amount suggests.
How the Redemption Math Works When a company goes public through an acquisition vehicle, shareholders in that acquiring entity have the right to redeem their stakes for cash before the deal closes.
High redemption rates drain the trust and leave the target company with less capital than promised. Here, Securitize is reporting the inverse: most shareholders chose to stay in rather than take the exit.
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