Home Latest News INX’s IPO and token sale: A report

INX’s IPO and token sale: A report

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INX Limited offered an SEC-approved token in an IPO (Initial Public Offering) sale for the first time. It is a Blockchain-trading platform, and it raised $85 million in profits from the sale. Nearly, 7000 investors participated in this event. The IPO was wrapped during the end of the previous month.

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Aside from that, the company also collected 39.6 million dollars from private equities of the Toronto Stock Exchange, increasing the amount to $125 million (awaiting confirmation from TSX). Most of this payment was in cryptocurrencies, which was then translated into fiat money, sources say.
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This fund will be used in the generation of a trading platform where users can trade in crypto, and security tokens. This event can encourage other companies to come up with their own tokens, said an enthusiastic Shy Datika, co-founder at INX.

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