Coinsilium IPO Extended, Listing on ICAP’s ISDX Likely in 2016

The IPO of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term venture investment firm Coinsilium has been extended until next month.

The most likely date for the public listing of its shares on ICAP’s Securities and Derivatives Exchange’s (ISDX) growth market is now January 2016.

Coinsilium, based in the Level39 Fintech Accelerator in Canary Wharf, invests in, incubates and advises Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and blockchain-related startups. It was originally slated to go public on the London Stock Exchange’s Alternative Investment Market (AIM) in early August. But the listing was switched to ICAP’s ISDX due to what Executive Chairman Cameron Parry said were more favorable listing requirements.

It is also wrapping up an equity crowdfunding campaign on Seedrs. 77% of the £1.5 million ($2.27 million) investment goal has been reached. The investment goal represents a 20.06% equity stake in the company, implying a pre-money valuation of £5,979,350 ($9.03 million).

150 new investors joined the Seedrs campaign, in which 37 days remain. Coinsilium said it expects the IPO offer to close sometime next month, during which it will make an application for the trading of shares.

Another crowdfunding campaign for Coinsilium was previously held on Bitcoin-focused crowdfunding platform BnkToTheFuture in anticipation of the originally planned August IPO. In that campaign, the implied pre-money valuation was $22.8 million.

The IPO extension reintroduces the question of who will become the first publicly listed crypto company via the IPO process. All publicly listed crypto companies have thus far taken the 'backdoor' approach by reverse merging will existing shell companies.

Australia-based mining startup Bitcoin Group, also in the midst of its IPO, had been slated to go live on the Australian Securities Exchange (ASX) on December 11, but recently pushed off the listing until at least January.