With cryptocurrency markets hitting record highs, Israeli cryptocurrency platform INX raised Canadian dollars (32 million USD) on the Toronto Stock Exchange (TSX). The offer was made through a merger with a special purpose structure (similar to SPAC) called Valdy Investments, with a market value of CAD $ 220 million, after the money. The company’s shares will begin trading in TSX once all regulatory approvals have been received. RELATED MATERIALS The successful offering was completed after a planned US initial public offering was postponed twice in 2020. Initially, INX planned to raise $ 130 million but then in August 2020, it reduced the planned increase by 10% and now it is forced into Stability. Much less amount. Shy Datika is the founder controlling shareholder and president of INX. Posted by Globes, Israel business news – en.globes.co.il – April 4, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
Cryptocurrency platform INX raises $ 32 million in Toronto
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