Coinsilium intends to IPO on London’s junior market.
Coinsilium, a two-year-old Blockchain-focused investment company, has recently announced that it is determined to IPO on AIM, a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market.
Coinsilium will become the first Blockchain company to go public, as the technology gains attention from high-profile investors such as Richard Branson, Paypal co-founder Peter Thiel and representatives of the world’s biggest banks.
The London-based company will list on the AIM, in the first half of August under the ticker COIN.
According to City A.M., Coinsilium is expecting to raise at least £3m from the listing and use it for further later stage investments, besides, take a larger stake in some of the 11 companies it already invests in.
“We hope to become a major player in the industry and contribute to its growth,” said Eddy Travia, Coinsilium Chief Executive Officer.
The company invests in startups which are implementing Blockchain technology in areas such as digital wallets, payments, security solutions and financial services in the form of early-stage backing and as a professional advisory service which it also offers larger corporations looking to explore Blockchain innovation.
According to City A.M., Coinsilium is expecting to raise at least £3m from the listing and use it for further later stage investments, besides, take a larger stake in some of the 11 companies it already invests in.
“We hope to become a major player in the industry and contribute to its growth,” said Eddy Travia, Coinsilium Chief Executive Officer.
The company invests in startups which are implementing Blockchain technology in areas such as digital wallets, payments, security solutions and financial services in the form of early-stage backing and as a professional advisory service which it also offers larger corporations looking to explore Blockchain innovation.
“We believe blockchain technology is going to transform business, finance and much more. We invest in and support companies who are at the forefront of this transformation as well as generating our own solutions through in-house development. We work together to bring blockchain technologies into global mainstream use. Coinsilium is a ‘first mover’ in connecting the mainstream public through the public capital markets, with the blockchain/decentralised network technology ecosystem and the opportunities this internet evolution brings,” says the company’s website.
“In London the environment couldn’t be more positive with discussions with the Bank of England and regulators,” Eddy Travia said concerning the decision to list in London rather than the US. “It’s a better fit. The government feel more positive about what blockchain can bring to the City in terms of finance innovation.”
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