Top Level Domain Holdings has raised £9 million ($14.2 million) on the stock market and will use it to finance its own gTLD applications as well as its clients.
The company, which owns Minds + Machines registry, said institutional and other investors paid 8.25p per share to raise the money. TLD Holdings will now submit “multiple batches for application slots” and has a cash balance of $25 million, according to a press release.
With the new cash balance, TLD Holdings could apply for 135 gTLDs.
The company has already submitted 20 application slots for new gTLDs and Minds + Machines will provide registry services for the .bayern bid if it is successful.
TLD Holdings says it is the only publicly traded company that acquires and operates new gTLDs. Its rivals will now be aware of how much money it has available in the event of auctions.