BLK Global PLC, the tech company behind the democratization of global trade, has announced its successful conversion to a Public Limited Company, marking a significant milestone in the company’s journey towards its anticipated stock market listing.
The transition follows a record-breaking year for BLK, with a 360% increase in revenue, a staggering 2,355% increase in marketplace transaction volume, and a total stock for sale on the marketplace reaching $11.7 billion. With these impressive results, BLK is now well-positioned to take the next step towards its public debut.
According to Gabriele Dadò, founder of BLK, the company’s mission is to “allow trade without barriers for everyone, everywhere.” This philosophy of democratizing trade extends to ownership as well, with the decision to enter public ownership. Dadò believes that this move will open doors for BLK’s users, partners, and the wider community to own a stake in the company’s future.
The decision to become a public company is strategic, with BLK aiming to arm itself with the tools needed for rapid expansion. The company has outlined four key drivers for this move, including gaining a powerful currency for acquisitions, establishing global visibility and trust, accessing capital, and incentivizing its team.
As a public company, BLK will have access to capital to scale its operations and enter new international markets quickly. Additionally, operating in a public forum with rigorous disclosure and transparency is expected to elevate BLK’s standing on the world stage and accelerate relationships with global partners and institutional investors.
The move also allows BLK to better reward its team for building its technology and align employee incentives with shareholder value creation.
With the corporate structure now in place, BLK is finalizing details for its official listing. Interested parties and potential shareholders are advised to monitor official channels for the upcoming reveal of its ISIN, Ticker Symbol, and Listing Date.
“We are moving quickly,” said Gabriele Dadò. “We are entering this phase with a bullish outlook and a roadmap that is ready to execute. The bell is about to ring.”
BLK Global PLC is the world’s largest dedicated commodities and raw materials marketplace, committed to redefining global commerce. Through innovative solutions and a commitment to barrier-free trade, BLK empowers businesses and individuals to connect, transact, and grow.
For media and investor inquiries, please contact investors@blk-global.com or info@blk-global.com.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.