Analysis firm assigns a 15.4 SEK valuation per share for Safello in new bull scenario

Stockholm, 17 December 2024 | Analysis firm Redeye has today initiated commissioned coverage of Safello, the leading cryptocurrency exchange in the Nordics.

According to the initial analysis, Safello has a justified base value of 7.6 SEK per share, with a valuation range spanning from 2.9 to 15.4 SEK.

"Despite the renewed cryptocurrency bull market, we believe initial investors have failed to revisit Safello, even though its valuation and financials have stabilised. Safello's current valuation does not reflect the lower equity risk stemming from its `regulation-first' approach and the share unjustly trades at a discount to peers," Redeye writes.

Safello's focus on security and regulatory compliance has positioned the company well ahead of its upcoming application for the MiCA license (Markets in Crypto-Assets Regulation). Redeye highlights Safello's preparedness and foresees competitive advantages as the regulatory environment tightens.

"We expect Safello to be a relative winner from the MiCA regulation as it has already built the required governance structure. The regulation may also force smaller brokers to leave the industry," Redeye notes in its analysis.

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For more information, please contact
Christian Ploog, press@safello.com

Certified Adviser
Amudova AB is Safello's certified adviser.

Safello is the leading cryptocurrency exchange in the Nordics, with over 384,000 users. The company is empowering financial independence by making crypto accessible to everyone. Safello offers a secure way to buy, sell and store crypto in seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North Growth Market since 2021. For more information visit www.safello.com.