PANews reported on November 14th, citing Bloomberg, that Fireblocks Inc., a crypto infrastructure company backed by Sequoia Capital and Coatue Management, is in talks to raise funds to buy back shares from its employees, according to sources familiar with the matter. The company has hired Citigroup to advise on the transaction, which is currently in its early stages. The valuation of Fireblocks by the funding round and the number of shares the company plans to repurchase are unclear. The proceeds will be used to launch a tender offer to repurchase shares.PANews reported on November 14th, citing Bloomberg, that Fireblocks Inc., a crypto infrastructure company backed by Sequoia Capital and Coatue Management, is in talks to raise funds to buy back shares from its employees, according to sources familiar with the matter. The company has hired Citigroup to advise on the transaction, which is currently in its early stages. The valuation of Fireblocks by the funding round and the number of shares the company plans to repurchase are unclear. The proceeds will be used to launch a tender offer to repurchase shares.
Fireblocks is in talks to raise funds to buy back employee shares.
PANews reported on November 14th, citing Bloomberg, that Fireblocks Inc., a crypto infrastructure company backed by Sequoia Capital and Coatue Management, is in talks to raise funds to buy back shares from its employees, according to sources familiar with the matter. The company has hired Citigroup to advise on the transaction, which is currently in its early stages. The valuation of Fireblocks by the funding round and the number of shares the company plans to repurchase are unclear. The proceeds will be used to launch a tender offer to repurchase shares.
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