Blockchain trading platform INX completes $125M SEC-approved token IPO
Cointelegraph
Published May 04, 2021 07:56AM ET
Updated May 04, 2021 09:40AM ET
INX Limited has completed the first-ever Securities and Exchange Commission-approved token sale event via an initial public offering.
According to a release issued by the company, the blockchain trading platform raised $85 million in gross proceeds from over 7,200 investors — both retail and qualified institutional actors. Details from the announcement show that the average of investors who participated in the token IPO was 42.
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Written By: Cointelegraph
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