CEX was once valued at $4.75 billion, and the founders, the Winklevoss brothers, are expected to control about 94.5% of the voting rights.

[CEX valuation once reached $4.75 billion, founders Winklevoss brothers expected to control about 94.5% of voting rights] The cryptocurrency company CEX, led by the Winklevoss brothers, performed strongly on its first day of trading on Nasdaq, with its stock price breaking $40 at one point, temporarily boosting the company's valuation to about $4.75 billion. CEX's IPO issued more than 15 million Class A shares, priced at $28 per share, raising $425 million, higher than the previously expected range of $24 to $26. CEX was established in 2014, with operations covering crypto trading platforms and custody services. According to Bloomberg reports, after going public, the Winklevoss brothers are expected to control about 94.5% of the voting rights. CEX recorded a net loss of $282.5 million in the first half of the year. Meanwhile, another crypto company, Figure, saw its stock price rise about 24% on the first day of its IPO compared to the issuance price, indicating that the enthusiasm for crypto companies going public in the U.S. continues.