Evernorth debuts on Nasdaq: shares spike 17%, then slide 5%
- —XRPN rose 17% at the open, then fell about 5%
- —Evernorth holds roughly 473 million XRP
- —Hugo Jandeboz, ex-co-CIO of Coinbase Asset Management, will lead investment strategy
- —Ordinary shares outstanding were revised up from 663,510 to 1,078,614
Why it matters: The listing tests whether public-market investors will pay a premium for XRP exposure via a treasury vehicle.
Source: Blockmedia