RATE Group | World’s First Cryptocurrency-Related IPO Capped at $900 Million
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World’s First Cryptocurrency-Related IPO Capped at $900 Million

16 Oct World’s First Cryptocurrency-Related IPO Capped at $900 Million

Posted at 05:17h in Cryptocurrency News by

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The world’s very first cryptocurrency related initial public offering (IPO) has been announced by investment company headquartered in the Cayman Islands. The initiative attempts to widen the exposure of investors to different cryptocurrencies, ICOs, and digital assets in general.

$900 Million Cryptocurrency Related IPO

Epoch Partners Limited, an investment company with headquarters in the Cayman Islands, has reportedly put in motion the first initial public offering of a cryptocurrency-related fund.

The Securities Registration Statement for the fund has been filed on the official disclosure system of the Japanese Financial Services Agency (EDINET) in late September. As disclosed in the official release, the Statement indicates that subscriptions for the IPO will be capped at 100 billion yen or roughly around $900 million USD.

Speaking on the matter was James Skinner, a partner of the investment company, who noted:

We were very keen to undertake the world’s first public offering…

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