EQONEX LIMITED Ordinary Shares

EQOS

Market cap $4.4M

Diginex (NASDAQ:DGNX) shares surged more than 90% on Thursday, one day after the Hong Kong-headquartered software provider debuted on the Nasdaq under the ticker symbol “DGNX.” The company's initial public offering (IPO) was priced at $4.10 per share.

Diginex: Green On ESG Trend, But Avoiding This Red IPO

Diginex Limited sells ESG software and has filed to raise $11 million in a U.S. IPO. The company's financials show reduced revenue from a tiny base, heavy operating losses, and negative free cash flow. The ESG software market is growing, but Diginex's tiny size, substantial cash burn, and selling shareholders pose significant risks.