Crypto Exchange INX to Raise C$25M, List on TSVX for ‘Added Credibility’
WikiBit 2021-03-01 12:03The exchange made history last year by conducting an initial public offering (IPO) on the Ethereum blockchain.
INX Limited, a cryptocurrency exchange that went public through a token offering on Ethereum in 2020, is looking to raise an additional CAD $25 million (USD $19.6 million) in a new listing on the TSX Venture Exchange.
The company, which made history last year by conducting an initial public offering (IPO) on the Ethereum blockchain, said it intends to list on the TSXV for “added credibility.”
INX said that the public reporting and transparency required by the TSVX listing will help it attract “Fortune 500 strategic partnerships and institutional investors.”
The plans were disclosed in a supplemental filing with the U.S. Securities and Exchange Commission on Feb. 25.
According to the filing, INX will offer 20 million shares priced at $1.25 CAD. Proceeds will go to research and development, sales, marketing, general expenses and M&A.
The exchange company, which acquired the alternative trading system OpenFinance last year, said its has a pre-money valuation of $225 million.
The INX exchange will debut in Q2 2021, according to the filing.
Disclaimer：
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WikiBit Exchange
- Token conversion
- Exchange rate conversion
- Calculation for foreign exchange purchasing
0.00