IPO would value the company north of $500 million, and the float is expected to take place in the second quarter of the year.Xpansiv was created towards the end of 2019, when Sydney-based commodity spot exchange CBL Markets merged with San Franciscan ESG commodities platform business Xpansiv. ESG refers to the three major factors used to assess the sustainability of an investment; environmental, social and corporate governance.Xpansiv has four business units, including XMarkets – which enables trading of renewable energy, carbon offsets, water and the like on spot markets – and XSignals, which attaches data to the traded commodities to provide more detail on what has gone into creating them.
