Chinese crypto mining giant Canaan Creative plans to list as a publicly traded company in the United States in November 2019, according to an unconfirmed report. Canaan to issue 1.26 billion shares Canaan Creative, which reportedly filed a $200 million initial public offering (IPO) request with the U.S. regulators in July, will issue 1.26 billion shares which will be closed on Oct. 20, Chinese crypto outlet 8BTC reported Oct. 10, citing “people with knowledge of the matter.” The firm reportedly declined to comment on the news to 8BTC at the time of publication. Additionally, the company has allegedly completed all …

Swiss Digital Exchange (SDX), a digital asset trading platform by Switzerland’s principal SIX Swiss Exchange, will reportedly launch its initial digital offering (IDO) in 2020. SDX security token The not-yet-launched SDX has reportedly set up a global consortium of financial institutions to back its IDO in the middle of 2020, Coindesk reports on Sept. 30. Thomas Kindler, who took over as SDX CEO on Sept. 1, elaborated that the consortium comprises a group of investors such as banks and market infrastructure providers intending to legitimize the technology and raise capital. According to the report, the IDO would be similar to …

On Sept. 19, former Overstock.com CEO Patrick Byrne sold his entire stake in the firm, which accounted for 13% of the company and was worth over $90 million. While the move surprised many, those closely following Patrick’s eccentric personality saw it coming from a mile away. Overstock was launched in May 1999. In the early days of the internet, it worked as an online marketplace that sold surplus goods from failed dot-com companies. It had a competitive advantage by selling at rates lower than wholesale prices. Its business model still hasn’t changed, selling closeout home decor, furniture, bedding and more. …

German crypto investment startup Neufund has launched its blockchain-enabled public offering platform featuring a Porsche-backed firm as the first issuer. 10 euro minimum investment Within the first offering on Sept. 16, Neufund’s platform will be used by mobility firm Greyp, a company backed by sports car giant Porsche, Camel Group and T-mobile, according to a press release shared with Cointelegraph today. Neufund’s platform has acquired clearance from the Financial Monetary Authority in Liechtenstein to host public offerings with a minimum investment of just 10 euro, enabling high accessibility to investors. Firms from most countries can join While the platform’s offerings …

Blockstack PBC, a decentralized computing network, announced that it managed to raise more than $23 million in the first-ever U.S. Securities and Exchange Commission (SEC)-approved token offering. Participation from U.S. retail investors Muneeb Ali, co-founder and CEO of Blockstack PBC wrote in a blog post on Sept. 10 that the blockchain-based startup Blockstack has raised more than $23 million in token offerings, which include its SEC-qualified token offering and its offering to investors outside the United States. Retail investors in the U.S. were able to partake for the first time in a token offering qualified by the SEC. More than …

Seychelles-based securities exchange MERJ — which listed the first regulated security token on a national stock market — plans to distribute its equity to Europe via a partnership with blockchain service provider Globacap. A Globacap press release published on Aug. 29 revealed that MERJ now plans an initial public offering (IPO) to distribute company equity in the form of equity-security tokens. Global first: an IPO of security tokens The IPO, planned for next month, will be offering 16% of the company’s share capital. 8.7 million of MERJ’s shares are listed on the Seychelles exchange in tokenized form, the press release …

Gibraltar-registered blockchain and cryptocurrency-focused startup INX Limited intends to raise between $5 million and $130 million through an initial public offering (IPO), according to a document filed with the United States Securities and Exchange Commission (SEC). The filing reads that INX — which develops a regulated platform for cryptocurrency trading and an alternative trading system for security tokens — is planning to conduct an IPO of 130 million INX tokens. Investors who want to participate in the IPO will have to contribute a minimum of $1,000. A filing with the SEC for a token sale of this scale, rather than …

Chinese Bitcoin mining giant Canaan Creative has allegedly filed a $200 million initial public offering (IPO) request with United States regulators. Report: Canaan ‘beats Bitmain’ to IPO filing That was according to a report which appeared on local social media platform WeChat on July 31, which claimed the application was already sitting before the U.S. Securities and Exchange Commission (SEC). Despite being less known in the West than its competitors such as Bitmain, Canaan is one of the three main Chinese Bitcoin mining players, the third being Yibang International. While Bitmain was reportedly planning to file an IPO with the …

Blockchain financial services firm Diginex Ltd. is scheduled to go public through a reverse merger with investment holding company 8i Enterprises Acquisition Corp. Subsequently, the firm will be listed on the Nasdaq, Bloomberg reported on July 10. Diginex is reportedly going to close a reverse merger deal with 8i, which will reportedly amount to $276 million including debt. Diginex shareholders will reportedly get 20 million ordinary shares of 8i, valued at $10 per share. According to Diginex’s CEO Richard Byworth, the deal is set to ensure broader market visibility for the company. As such, Diginex will be “the first fully-diversified …

Toward the end of June 2019, news emerged that the mining giant Bitmain might be reviving its initial public offering (IPO) plans. As Bloomberg reports, the China-based cryptocurrency mining hardware producer is allegedly preparing to file documents with the United States Securities and Exchange Commission (SEC) to hold its share sale on U.S. soil. Bitmain — being the largest player in the mining sector — first attempted to go public in the second half of 2018, but soon was heavily damaged by the intensifying crypto bear market. Now that the industry has entered a much more optimistic, bullish phase, the …

Chinese cryptocurrency mining giant Bitmain is revisiting plans for an initial public offering (IPO,) Bloomberg reported on June 21. The company had filed to list an IPO on the Hong Kong Stock Exchange, but the application expired on March 26. Now, Bitmain is reportedly planning to file listing documents with the United States Security and Exchange Commission, potentially paving the way for a share sale to take place later this year. While the company was hoping to raise $3 billion from its planned Hong Kong IPO, the Bloomberg report suggested that this fundraising target will be reduced to between $300 …

Traditional exchanges are holding off on Reg A+ initial public offerings (IPOs) following problematic offerings like that of purported cryptocurrency firm Longfin Corp., the Wall Street Journal (WSJ) reported on June 10. Earlier in June, the United States Securities and Exchange Commission’s (SEC) filed fraud charges against Longfin. The SEC claimed that Longfin fabricated 90% of its revenue and sold over 400,000 shares of Longfin that it did not have the funds to back in a scheme to secure its spot on the Nasdaq. The complaint also reportedly stated that the SEC granted Longfin’s Reg A+ offering based on the …