{"id":38107,"date":"2021-03-01T10:39:02","date_gmt":"2021-03-01T08:39:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38107"},"modified":"2025-08-30T02:57:05","modified_gmt":"2025-08-29T23:57:05","slug":"inx-to-raise-up-to-ca25-million-through-tsxv-ipo","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/inx-to-raise-up-to-ca25-million-through-tsxv-ipo\/","title":{"rendered":"INX to raise up to CA$25 million through TSXV IPO"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">INX, the cryptocurrency exchange that launched its Ethereum-based initial public offering <a href=\"https:\/\/forklog.com\/en\/news\/inx-to-launch-a-117-million-ipo-at-the-end-of-august\"><span style=\\\"font-weight: 400;\\\">(IPO) on the Ethereum basis<\/span><\/a>, plans to seek a listing in the Toronto Stock Exchange Venture (TSXV) section for venture companies. This <\/span><a href=\\\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1725882\/000121390021011860\/ea136576-424b3_inxlimited.htm\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">is said<\/span><\/a><span style=\\\"font-weight: 400;\\\"> in the additional materials for the U.S. Securities and Exchange Commission (SEC)<\/span><span style=\\\"font-weight: 400;\\\">.<\/span><\/p>\n<p>\\n<\/p>\n<p><!--more--><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">The amount to be raised could reach up to CA$25 million (about $19.6 million). The funds will be allocated to research and development, sales, marketing, general expenses, as well as mergers and acquisitions.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Based in Gibraltar, INX will offer 20 million shares at CA$1.25 apiece (about $0.98). Trading on the TSXV could begin in the second quarter of 2021.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">According to the document, the initiative is aimed at \u201cincreasing trust.\u201d The required level of disclosure for listing on the TSXV will allow \u201cestablishing strategic partnerships with Fortune 500 companies and institutional investors.\u201d<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">In October, INX announced <a href=\"https:\/\/forklog.com\/en\/news\/crypto-exchange-inx-announces-acquisition-of-openfinance\"> the acquisition of the Chicago-based broker-dealer OpenFinance Securities<\/a>.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Subsequently, INX filed an application to list its digital shares <a href=\"https:\/\/forklog.com\/en\/news\/inx-files-for-listing-on-the-canadian-securities-exchange\"> on the Canadian Securities Exchange (CSE)<\/a>.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">According to Bloomberg, in March a crypto-friendly platform <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-robinhood-plans-to-file-for-ipo-in-march\"> Robinhood<\/a> could file for an IPO.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Similar plans may be pursued by the leadership of the Bitcoin exchange <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-kraken-the-bitcoin-exchange-seeks-a-valuation-above-10-billion\"> Kraken<\/a>.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Earlier on February 25, 2021, <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-coinbases-direct-listing-application\"> the SEC approved Coinbase&#8217;s<\/a> application for a direct listing of its shares.<\/span><\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog&#8217;s news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INX, the cryptocurrency exchange that launched its Ethereum-based initial public offering (IPO) in 2020, plans to obtain a listing in the Toronto Stock Exchange Venture (TSXV) for venture companies. This is according to additional materials for the U.S. Securities and Exchange Commission (SEC).<\/p>\n","protected":false},"author":1,"featured_media":38108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1895,1211,1133],"class_list":["post-38107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-inx-limited","tag-stock-market","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=38107"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38107\/revisions"}],"predecessor-version":[{"id":38109,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38107\/revisions\/38109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/38108"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=38107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=38107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=38107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}