INX cryptocurrency platform raises $ 32 million in Toronto

As cryptocurrency markets set record highs, Israeli cryptocurrency platform INX raised C $ 39.6 (US $ 32 million) on the Toronto Stock Exchange (TSX). The offer was made through a merger with a special purpose envelope (similar to a SPAC) called Valdy Investments, at a market cap of C $ 220 million, after the silver. The company’s shares will begin trading on the TSX once all regulatory approvals have been received.

The successful offer was completed after a planned IPO in the United States was postponed twice in 2020. Initially, INX planned to raise $ 130 million, but in August 2020, it reduced the share price by 10%. planned lift and she was now forced to settle for a far lower sum.

Shy Datika is the founding controlling shareholder and president of INX.

Posted by Globes, Israel Business News – en.globes.co.il – April 4, 2021

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