Takung Art Co. (TKAT) Uplists to the New York Stock Exchange and Rings the Opening Bell March 22, 2017
VIDEO: Opening Bell -and Gong – at the New York Stock Exchange 3/22/17
Hong-Kong based Takung Art Co. is the world’s first online trading platform to provide a secure and easy way for art collectors and investors to acquire shared ownership in Asian and other fine art – including paintings, calligraphies, jewelry and precious gems — and participate in the booming Asian art market without fear of price manipulation and forgery.
As of December 31, 2016, Takung had 175 art listings trading on its platform, showing significant appreciation from their aggregate initial listing value of US$43 million – with trading volume averaging over 104 million units per day in December 2016. In calendar/fiscal 2016, the trading of its listed artwork generated a total transaction value of US$9.37 billion versus US$2.33 billion transacted in the comparable year-ago period.
Takung reported net income of $4.66 million, or $.44 per share, on revenue of $14.21 million for the first nine months of 2016.