AI firm Trust Stamp lists on Euronext Dublin with market cap of $28 million
Trust Stamp was listed through the admission to trading of 3,588,651 shares under a direct listing. The admission and issue price of Trust Stamp shares was set at US$7.79 per share.
Euronext today congratulated Trust Stamp, the global provider of AI-powered identity services, on its listing on Euronext Growth in Dublin (ticker code: AIID).
Trust Stamp provides AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications and humanitarian services. Its technology empowers organisations with biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.
Dual-headquartered in Atlanta (USA) and Cheltenham (UK) and now listed on Euronext Growth in Dublin, Trust Stamp was founded in 2016 by Gareth Genner and Andrew Gowasack. The company now employs over 60 people on three continents, with flagship customers including Mastercard International and Synchrony Financial.
Trust Stamp was listed through the admission to trading of 3,588,651 shares under a direct listing. The admission and issue price of Trust Stamp shares was set at US$7.79 per share. Market capitalisation was US$28 million on the day of listing.
Gareth Genner, CEO and Co-Founder of Trust Stamp, said: “Today marks a significant milestone for Trust Stamp as we list on Euronext Dublin and showcase our ambition for the European and global markets. I am extremely proud of the Trust Stamp team, whose hard work over the years, alongside support from advisors, shareholders and the Euronext team, has resulted in the successful listing today. We have an ambitious strategy for expansion and growth in the coming years and are excited to meet with investors and potential commercial partners. We also look forward to continuing our work with humanitarian agencies and NGOs worldwide.”
Andrew Gowasack, Co-Founder of Trust Stamp, stated: “Digital identity is one of the greatest challenges we face in a connected world. Innovation with a cross-industry understanding of needs in data privacy, security and accessibility is critical for a future where trusted identity systems lay the foundation for progress on a global scale. Trust Stamp’s core technology irreversibly transforms sensitive data to maximise both its privacy and utility. With advanced artificial intelligence at the heart of our work, the same solutions can be used to protect personal information, enhance organisational security and enable access for individuals in a variety of contexts.”
Euronext is the leading pan-European stock exchange for Tech companies, hosting a total of 500+ Tech issuers across sectors such as Technology, Media and Telecom, Life Sciences and Cleantech.