Benchmark: Securitize's NYSE IPO imminent, target price $16

CoinFeed reported on June 10th that, according to The Block, Benchmark maintained its "Buy" rating on tokenization infrastructure company Securitize and gave it a target price of $16, based on its revenue forecast of approximately $178 million in 2027. The U.S. Securities and Exchange Commission (SEC) has announced that the merger registration statement between Securitize and Cantor Equity Partners II has taken effect, and shareholders will vote on June 29th. If approved, the merged company is expected to list on the NYSE under the ticker symbol SECZ. The report states that Securitize has a differentiated advantage due to its compliance licensing system spanning the U.S. and Europe, including registration in the U.S. as a brokerage, alternative trading system, transfer agent, and fund service provider, and holding a trading and settlement license under the DLT Pilot regulatory framework in the EU.