INX’s IPO and token sale: A report

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.

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.

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.