The UK-based blockchain investment company, Coinsilium, launched an IPO on London’s ICAP Securities and Derivatives Exchange, thus becoming the first blockchain technology company to list on the regulated exchange. The stock trading began on December 24.
Coinsilium’s plans to launch its first IPO were unveiled earlier this month. As IBTimes reported, Coinsilium issued 10,000,000 new ordinary shares at a price of 10p per each share generating £1 million in gross proceeds. The company has already issued 69,793,500 shares with a total market value of £6.98 million.
“We are delighted to be the world’s first IPO of a blockchain technology company and the first to offer retail investors the opportunity to gain exposure to a diverse group of these potentially disruptive technologies and to this fast growing sector,” said Cameron Parry, Coinsilium’s CEO and executive director.
“This is not only a significant step for the company but also for the blockchain industry in general. The UK has been a welcoming jurisdiction to date for fintech and the evolution that blockchain technology represents to the transfer of value online, and we are pleased to play our part in seeing London be one of the world’s leading innovation hubs in this regard,” he added.
The move will allow investors to enter the blockchain market and leverage the technology underlying bitcoin. There is a wide range of potential applications of the technology, what explains the growing interest in the blockchain among financial institutions and investment companies. The world’s leading banks are now exploring the possible ways of integrating it within their systems.
“We believe that the increased profile of having Coinsilium’s shares admitted to trading will help generate further investment and revenue opportunities, accelerate growth plans and maintain the company’s position as a market leader in this technological space,” Parry said.
In July, Coinsilium announced it was going to list its shares on London’s AIM, however, an IPO was postponed as the company was considering alternatives to AIM.
Started in 2014, the company can now boast a wide investment portfolio, including such blockchain startups as digital currency trading platform Magnr, financial services provider Fuzo, virtual currency payment firm CoinSimple, bitcoin payment company SatoshiPay, blockchain API provider Neuroware and blockchain-based data management system Factom.
In addition, Coinsilium offers technical consulting, corporate advisory and educational services regarding the blockchain technology. The company is also in plans to commence its accelerator program for blockchain startups, called “Block Chain Space” in 2016.