CEO Interview After a Great IPO Week $FRNT (FRNT Financial) is arguably one of the top-performing crypto-focused IPOs of 2022. The company focuses on a diversified range of services targeted toward the institutional investor.
Stephane Ouelette (the CEO of $FRNT) recently did an interview with TraderTV to discuss the IPO and the company. I'll summarize some of the key points below:
- $FRNT has the world’s most extensive suite of regulated crypto offerings, and they allow institutions to directly invest in crypto without having to hold underlying crypto assets which is a major roadblock for many.
- They currently offer physical trading, treasury management, and advisory, and they speak to the traditional financial community as many don't understand the benefits of crypto.
- He also gave his views on the macro market. His main concern right now is the inflated alt-coin valuations but is overall bullish on the space as crypto has shown its resilience as a risk asset.
- Things to look forward to: Using cryptos like Bitcoin as a hedge against inflation alongside the trend for many sovereign nations/large institutions to start holding and increasing their interest into crypto.
Full interview here: https://m.youtube.com/watch?v=njU7Cv-XYJ8
$FRNT is definitely an interesting company to keep an eye on because of the unique value proposition and the focus on helping institutions gain exposure to the industry. The IPO price was $1.50, meaning that the stock closed up 40% for the first trading week after the IPO. Hoping to see the momentum continue as they bring new institutional clients into the sector.