Traditional exchanges are holding off on Reg A+ IPOs following problematic offerings like that of purported cryptocurrency firm Longfin Corp. Following the case of crypto firm “Longfin Corp”, the New York Stock Exchange (NYSE) are reportedly shying away from IPOs conducted by companies using Reg A+, a provision that allows firms to have lower accounting and disclosure standards than conventional offerings.
A new blockchain-powered initial public offering (IPO) platform in the market named SprinkleXchange will be launched soon in June. The CEO of SprinkleXchange, Alexander Wallin commented, “We have the luxury of being first with this, but we’re aware that it will become a crowded market. It’s like moving from VHS (video home system) to streaming; Netflix did it nicely and was first, but now there are lots of streaming sites.”
The application for initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX) for Bitmain has officially expired. Bitmain then explained in an announcement regarding the expiration of its initial public offering, “Bitmain’s listing application to HKex in September 2018 has reached its 6-month expiration date…We will restart the listing application work at an appropriate time in the future.”
The Robinhood crypto trading platform is to launch an Initial Public Offering (IPO) and eyes on recruiting a chief financial officer (CFO). The company is also being under audit observation under the U.S. Security and Exchange Commission and the Financial Industry Regulatory Authority for regulatory compliance. The CEO, Baiju Bhatt expressed about the IPO and CFO recruitment.
The Bitmain crypto mining company has disclosed its intention to unveil $18 billion Initial Public Offering (IPO). Reportedly, the conduct of $18 billion IPO would be of high valuation. The executive vice president and the director of operations of Bitmain announced. It is expected to create a fresh wave of enthusiasm among the crypto enthusiasts.
Canaan Creative, a bitcoin mining company based in China, is to establish an initial public offering (IPO) on the Hong Kong Stock Exchange. The company has tried to list its IPO in the A-share market and on the New Third Board which was halted by the regulators. However, it is reported that the company has not publicized its plans for the IPO.