26 October 2018 | General News

Reuters report on Coinsilium

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

Similar Articles

4 July 2019 | General News

Successful fundraising for Argentex

Foreign Exchange services provider Argentex has joined AIM with the Company raising £14m. Since it was formed in 2012 the Company has returned …

Read More
1 October 2013 | AIM Market

AIM Stock Exchange investors turn to gold

Research has shown that smaller and medium sized gold mining companies listed on the AIM Stock Exchange have been one of the biggest …

Read More
8 December 2016 | General News

Fundraising for Garnet

We are delighted to announce that our client Garnet successfully raised £6m pre-flotation funding last week. The company intends  to raise a further …

Read More