XXI ipo today

It appears there is indeed a new listing trading under the ticker "XXI" today, December 9, 2025, but it's not a traditional Initial Public Offering (IPO).1

Twenty One Capital Begins Trading as "XXI" on NYSE The company is Twenty One Capital, Inc., which is expected to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol "XXI" today.1 This follows the expected closing of its business combination with Cantor Equity Partners, Inc.1 Twenty One Capital is described as a Bitcoin-native company focused on Bitcoin-related business lines, aiming to provide exposure to Bitcoin through equity markets.1

This type of listing, often referred to as a de-SPAC transaction, occurs when a Special Purpose Acquisition Company (SPAC) completes a merger with a private company, bringing the private company public. Cantor Equity Partners, Inc. was a SPAC formed for the purpose of such a business combination.1