monex group inc shares were indicated sharply higher wednesday morning in tokyo after news that cryptocurrency marketplace subsidiary coincheck inc plans to go public through a merger with a specialpurpose acquisition company buy orders for monex shares were overwhelming sell orders even at the upper limit of the days trading range of 728 yen or 16 higher than tuesdays close no shares have changed hands coincheck said after tuesdays market close that the company and spac thunder bridge capital partners iv inc agreed to a business combination that will result in the combined entity being a publicly listed holding company the combined entity to be named coincheck group nv is expected to be listed on the nasdaq global select market by the end of 2022 coincheck said monex said that coincheck made y10305 billion 853 million in net profit on revenue of y20825 billion for the fiscal year ended march 2021 coincheck has about 15 million customers it said