Cantor Equity Partners extends rally after 50% gain in previous session
ReutersApr 25, 2025 2:10 PM
Shares of blank-check firm Cantor Equity Partners CEP.O jump as much as 40.4% in early trading; last up 30.4% at $32.35
Stock closed up 50.3% at $24.80 on Thursday, after surging 55.4% on Wednesday
About 54 million CEP shares changed hands on Thursday, data compiled by LSEG shows
CEP on Wednesday announced a $3.6 billion crypto venture, called Twenty One Capital, in partnership with stablecoin issuer Tether, Japanese investment giant SoftBank 9984.T and crypto exchange Bitfinex
Twenty One will be a publicly traded bitcoin-holding company
CEP is backed by Cantor Fitzgerald, an investment banking and brokerage firm chaired by Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick
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