Shares of LongFin Corp. more than doubled Monday, to pace the Nasdaq exchange’s gainers, as the newly-public financial technology company continued to draw investor interest after its purchase of a blockchain company. The stock had rocketed to an intraday high of $142.82, which was about 6.5-times Friday’s closing price of $22.01, before paring gains. The gains follow a tripling of the stock on Friday, after the company said it bought Ziddu.com, a blockchain-empowered company that provides microfinance lending against collateralized warehouse receipts in the form of Ziddu coins, which are loosely pegged to crytpocurrencies Ethereum and bitcoin. LongFin’s stock closed its first day of trading at $5.17 on Dec. 13, which was 3.4% above its initial public offering price of $5.00. Meanwhile, bitcoin futures rallied 5.3% to $19,060 and the S&P 500 gained 0.6%.
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