Securitize Shares Jump 11% After River One Acquisition Agreement, Revenue Beat
Securitize agreed to acquire asset-backed financing platform River One and reported third-quarter revenue above expectations. Shares rose 11% to $7.71 after hours Monday, after closing roughly flat at $6.97.
By Elias SchisgallShares of Securitize rose after the company agreed to acquire asset-backed financing platform River One and reported higher-than-expected revenue in the third quarter.Shares jumped 11% to $7.71 after hours on Monday. The stock closed roughly flat at $6.97, down 38% year to date.Th…