INX Limited, a Gibraltar-based platform for trading securities and cryptocurrencies, is preparing to finish its initial public offering soon.
According to a Monday announcement, April 22 will be the last day of INX’s IPO as the company expects to have listed its token on at least one public trading platform by the end of May 2021. INX plans to launch the INX Digital trading platform shortly after the IPO ends, the firm said.
INX launched the IPO in August 2020, planning to raise up to $117 million in a security token offering approved by the United States Securities and Exchange Commission.
INX CEO Shy Datika said that the company “has secured its position as the first to execute an SEC-registered digital security IPO for both retail and institutional investors.”
INX did not specify how much the firm has raised with its IPO so far. The company did not immediately respond to Cointelegraph’s request for comment.
As previously reported by Cointelegraph, INX originally expected to