Initial Public Offerings

Coinbase Plans to Become Publicly-Traded

  • The exchange revealed its plans to pursue a direct listing of its Class A common stock.
  • The direct listing format would not offer new shares, but instead sell existing shares directly to the public.

Swedish Crypto Brokerage Safello Raises $1.3 Million for a 2021 IPO

  • Safello claims to have an increased order growth of 831%.
  • More details on the forthcoming IPO will be published in early 2021.

INX Exchange Can Now Accept Cryptocurrency To Finish Its $117 Million IPO

  • The firm has now cleared the first bar to its $117 million security token IPO by raising $7.5 million in dollars only.
  • Starting on 14 September, retail and institutional investors will have the choice of buying INX tokens using BTC, ETH, and USDC.

Ripple May Seek IPO Within 12 Months

  • During the WEF in Davos, Brad Garlinghouse, Ripple's CEO, predicted that IPOs will become more common in the blockchain sector this year.
  • He further stated that, while his firm may not be the first, it will not be the last to go after an IPO.

World Chess Issues “Hybrid” Tokens, Convertible to IPO Shares

  • Qualified investors from the U.S and E.U. have been able to buy the World Chess digital token since Friday.
  • Following the IPO, investors can either convert their tokens into shares, or privately trade them with other investors.

Bitmain Files for U.S. IPO Backed by Deutsche Bank

  • In order to increase its chances of a U.S. listing, the company hired a former Nasdaq representative.
  • Although it is not known how much the firm is looking to raise through the offering, previous reports place that number around $400 million.

MERJ is the First National Stock Exchange to Launch a Tokenized IPO

  • The sale of the tokenized shares will begin today, 10 September, at 09:00 U.K. time.
  • The exchange is trying to raise $4 million through this sell, and will be issuing 1,652,893 new shares, with a price of $2.42 per share.

In advance of Bitmain’s U.S. IPO, Financial Results Get Revealed

  • Reliable sources give very specific information on Bitmain’s financial situation.
  • A huge order for 7nm wafers from TSMC should result in a huge revenue boost.

Mining Giant Canaan Confidentially Files for IPO

  • IFRAsia reports that "people with knowledge of the matter" have claimed that the company is looking to raise around $200 million through the public offering.
  • This is the second time Canaan has applied for an IPO, after its first attempt in Hong Kong failed.

Binance Updates its IEO Participation Rules

  • The BNB holding requirements in order to receive the maximum number of tickets have dropped to 250 BNB per user.
  • Ticket counts have also been increase in order to minimise the risk of big BNB holders receiving no winning lottery tickets.