Gibraltar-registered blockchain and cryptocurrency-focused startup INX Limited intends to raise between $5 million and $130 million through an initial public offering (IPO) per a document filed with the United States Security and Exchange Commission (SEC).
The filing reads that INX — which develops a regulated platform for cryptocurrency trading and an alternative trading system for security tokens — is planning to conduct an IPO of 130,000,000 INX Tokens. Those investors who want to participate in the IPO will have to contribute no less than $1,000.