Diginex Limited (DGNX), an impact technology company focused on providing ESG (environmental, social, and governance), climate, and sustainability solutions, saw its stock soar 126.67% in after-hours trading on Wednesday, following its successful initial public offering (IPO) on the Nasdaq Capital Market.
The company raised $9.225 million by offering 2.25 million ordinary shares at $4.10 apiece, before underwriting discounts and commissions. Diginex's technology utilizes blockchain, machine learning, and data analysis to help organizations tackle ESG and climate challenges, streamlining the collection, evaluation, and sharing of sustainability data.
With rising corporate focus on ESG initiatives and transparency, Diginex's offerings have caught the eye of investors seeking exposure to the fast-growing sustainability technology sector. The company's strong after-hours performance reflects investor optimism about its prospects in this burgeoning market, as it aims to "lead change and increase transparency in corporate social responsibility and climate action."
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