SeeThruEquity has initiated coverage and set a price target of $8.42 on shares of LongFin Corp.’s (Nasdaq pending, “LFIN”) stock. LongFin is a non-banking Fintech company providing structured commodity trade finance (shadow banking) solutions and is currently pending listing on the Nasdaq Capital Market. Among other highlights, the analyst noted the company’s goal of connecting 70 FX and spot exchanges and more than 300 banks across the globe via its electronic market making (EMM) trading platform. The shadow banking industry was estimated at $34 trillion in 2015 and is expected to grow further as the global trade financing gap continues to increase. The analyst also noted that the company is witnessing rapid growth with revenues, which are expected to reach $2.4 billion by 2022.
For more information, visit www.LongFinCorp.com
About LongFin Corp.
LongFin is a global alternative finance & technology services company specializing in structured commodity trade finance. LongFin is a technology-enabled market maker and liquidity provider to the global financial markets. LongFin’s focuses on four key markets: 1) Structured commodity trade finance; 2) Alternative Risk Transfer; 3) Asset Liability Funding and 4) Carry Trade Financing & Hedging.
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