First listed company on Nxchange raises EUR 3 million
Nxchange is the new generation stock exchange for the direct trade in securities between companies and investors. Nxchange operates as a regulated market under a licence from the Minister of Finance.
Amsterdam, 23 May 2016 - Fastned raises EUR 3 million through new stock exchange Nxchange, the first pan-European stock exchange where companies can raise capital within their own network and communities through their own website. Fastned, which is building a European network of rapid charging stations for electric vehicles, is the first organisation to raise a substantial sum from its own stakeholders without the aid of banks or brokers via Nxchange. Fastned was able to invite its network to take part in the share issue via Nxchange's central trading platform and on its own website. This gives the community around Fastned the opportunity to invest directly whilst trading over a regulated platform. Investors signed up in large numbers within five weeks, and the secondary market also started working well straightaway.
Fastned will use the proceeds of the share issue to fund new charging stations in the Netherlands and for further expansion into Europe. Fastned is responding to the rapidly growing market for electric vehicles, and envisages a pan-European network of rapid charging stations which can charge vehicles of all makes by 2020.
Michiel Langezaal, CEO of Fastned, says: "We have been able to see in recent weeks that Nxchange's platform is working for us in the way we'd hoped. Investors, who mainly come from our own network, are now able to make their own investment in Fastned and have been able to come together via the Nxchange platform to form an active community."
Marleen Evertsz, CEO of Nxchange, says: "We are delighted that our white label exchange has produced a good result for Fastned. Their listing on Nxchange places Fastned closer to its investors and has made it less dependent on traditional financial service providers. We expect to be able to announce new listings on Nxchange in the very near future."
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General information about Nxchange:
Nxchange was launched as the stock exchange of the future on 14 April 2016. The platform is available to companies of any size that meet the listing requirements. Trading takes place 24 hours a day, 7 days a week and transactions are settled in real time. Nxchange works with Euroclear as custodian bank. Nxchange had previously already been approved by the Ministry of Finance as a regulated market. www.nxchange.com
Fastned is building the world's first network of rapid charging stations for all electric vehicles. The stations - where electric vehicles can be charged in an average of 20 minutes - are being constructed at prime locations alongside motorways and in cities. Fastned is thereby seeking to offer electric drivers the freedom to travel throughout Europe in the future. There are currently 50 rapid charging stations operational in the Netherlands. Fastned is also working to expand its network to the rest of Europe. www.fastned.nl