Crypto exchange INX lowered its IPO financing target to 117 million U.S. dollars and is expected to proceed before the end of the year

The cryptocurrency exchange INX submits a revised F-1 form (foreign issuer prospectus) to the US Securities and Exchange Commission (SEC). The initial public offering (IPO) originally scheduled for the second quarter of 2020 is expected to take place before the end of this year. In addition, INX has priced 130 million INX tokens at a maximum of US$0.90 each, with a maximum financing amount of US$117 million. This may become the largest IPO in the digital asset industry to date. Chain Wen previously reported that INK had filed an application with the US SEC in August last year, hoping to raise up to $129 million through the IPO sale of securitized tokens.