Secures AED58.6 million capital commitment from GEM Global
Dubai, UAE: Numisbing, the leading Dubai-based Numismatics & Arts company, is going for IPO in Nasdaq First North Stock Exchange in Stockholm, Sweden, next month.The company – valued at AED 100 million with 75 percent regional market share– will be the first Numismatic company from the Middle Eastern region to be listed in any stock exchange. Furthermore, the company has also secured AED 58.6 million (SEK 150 million) capital commitment agreement with GEM Global Yield Fund LLC SCS (GEM), a multibillion dollar private alternative investment group, based in New York.
“Numisbing’s vision is to become one of the world’s most recognized numismatic brands. Since our inception in 2012, we have built a good reputation and customer base in the region while marking great profitability. Going for IPO seemed liked a natural progression to achieve the growth and reach to Asian and European markets. Additionally, our deal with GEM Global will fulfill capital requirement needed to continue the success story and ensure greater visibility within the domain”, said Numisbing Founder & Chairman, Ram Kumar.
“Our ambition is to expand the company while offering greater value to the shareholders and I’m confident our excellent track record will provide impetus to a good market response. While half of the IPO proceeds will be invested into collectibles assets, the rest will be used for expansion of the business to other regions”, added Mr Ram Kumar.
Numismatic collectors’ coins present a greater potential for higher yields than gold, backed up by several decades of highly positive trends.Provided that proper due diligence is conducted in building a portfolio, an investment in rare coins could present an opportunity for lucrative returns. The market is by nature limited, and as a result, interest continues to grow at a constant upward rate, driving higher prices in the medium and long term.
An index of material, alternative access clauses compiled by consultancy firm Knight Frank shows that the yield of rare coins over a period of ten years up to 2016 increased by 195%, easily surpassing art (139%), stamps (133%), furniture (31%), and the S&P 500 Index (58%).
“The incentive to invest in historical coins has only grown over recent years, and investors across the international stock market are seeking new ways to diversify their investment portfolios. Indeed,investment advisors world over are now recommending that four percent of each investment portfolio should consist of collector’s items,” further commented Ram Kumar.
Numisbing has grown rapidly and nearly doubled its turnover in the last two years with growth remaining steady and 2019 looking to be a promising year. The unique business model and innovative procedures have brought about great advancements in the last six years. The profitability of the company since its inception is high, which has brought with it a high market share. Moreover, only a few listed companies worldwide actually specialize in rare and antique coins and other rare collector’s items.
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About NUMISBING:
NUMISBING is a Dubai-based company formed in 2012, by a group of Numismatic Collectors and Dealers. Their core business is to conduct Auctions, Trading, and Investing in Numismatics. They are specialized in Middle East and Indian coins, banknotes and stamps. Their Advisory Board has more than 250 years of combined knowledge and experience, which can serve any Numismatic collectors’ needs.
The company also undertakes 'Art Commission' based on clients’ requirements.Numisbing has an exclusive Art gallery by the name of "71 ARTS" located in the heart of Dubai, which showcases many important Royal, Islamic and UAE-related paintings of famous artists including the names of M F Husain and Akbar Saheb, among others.
The Company is headquartered in Stockholm, Sweden, while a majority of its business operations are based in Dubai, United Arab Emirates.
About GEM:
GEM ( www.gemny.com ), founded in 1991, is a USD $3.4 billion-alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world.
GEM has completed 370 transactions in 70 countries.
GEM's investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum.
Their funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPEs) and select venture investments. GEM's funds include: CITIC-GEM Fund (matured in December 2015), Kinderhook Industries (GP and LP non-voting stakes), GEM Global Yield Fund LLC SCS, GEM India and VC Bank/GEM Mena Fund (GEM exited both its GP and LP stakes in these funds in 2015 and 2010).
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