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Coinsilium, a London-based investor in the technology that underpins digital currency bitcoin, plans to revive its delayed initial public offering (IPO) by seeking a listing on a junior stock market run by broker ICAP.
The decision to list on the ICAP Securities and Derivatives Exchange’s (ISDX) growth market comes after the company announced in September that it had scrapped its plan to list on London’s more established AIM junior market.
Coinsilium’s Executive Chairman Cameron Parry told Reuters that the decision to pursue an IPO on ISDX was linked to listing requirements he said were more favorable with the ICAP bourse.
“The ISDX is the best fit for Coinsilium,” he said, without giving specific details.
John Holland, senior partner at consultancy Holland Bendelow, said that ISDX is still in its infancy and has yet to capture a large institutional investor following, though the costs of joining are lower than for AIM.
Extract courtesy of Reuters
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