CEX completed a $500 million financing in September, raising its valuation to $15 billion and plans to go public in Q1 next year.

[CEX completed $500 million financing in September, raising its valuation to $15 billion, planning to go public in Q1 next year] According to informed sources, Apollo Global Management, Oppenheimer, Jane Street, and HSG, formerly known as Sequoia Capital China, all participated in the recent financing round of the encryption exchange CEX. This round of financing valued CEX at $15 billion. Last month, Fortune magazine reported that CEX completed $500 million in financing, but Reuters was the first to disclose the identities of these major investors and financial industry participants. An informant stated that Qube Research & Technologies, CEX's co-CEO Arjun Sethi, and the venture capital firm Tribe Capital co-founded by Sethi also participated in this round of financing, paving the way for CEX to go public in the coming months. CEX is expected to secretly submit a registration statement for its initial public offering (IPO) to the SEC by the end of the year and plans to go public in the first quarter of next year. One source added, however, it is unclear how a potential U.S. government shutdown might affect this timeline. (Reuters)