As per the recent report, INX Limited has made an announcement of launching its roadshow for its security tokens IPO in 2020. This projected offering comes to around 130,000,000 INX Tokens. The price of IPO is expected to be over US$0.65 to US$1.15 each Token.
INX plans to use one part of their raised proceeds from INX Tokens sale for the constant development and process of their regulated platform for blockchain trading assets, which comprises of security tokens, cryptocurrencies, and derivatives. The main purpose is for an establishment of the cash reserve fund, working capital or other corporate functions.
This proposed offering will get executed only by a prospectus. One can get the copies of this preliminary prospectus of the proposed offering, when made available, free by checking EDGAR at www.sec.gov. This offering comes with the market and other terms and conditions, and will not be any assurance when this offering will be completed.
The registration statement to Tokens was filed in the US Securities & Exchange Commission but it has still not become very effective. These Tokens cannot be sold, or offered to buy will be accepted, before the registration statement time gets effective. This PR will not constitute an offer of selling or solicitation of the offer to buy and nor will there be a sale of the Tokens in state and jurisdiction where this offer, sale or solicitation will be unlawful before registration and qualification under laws of the state and jurisdiction.
INX Limited is a Gibraltar private company that was established in the year 2017 and is operated by the team of professionals and experienced candidates from regulated trading and capital markets. From 2017, INX Limited is trying to develop INX Trading Solutions to become a single entry-point for the trading of the security tokens, cryptocurrencies, and derivatives for their customers.