UK’s 1st Bitcoin Company IPO on Track Amid ‘Supportive Environment’

CoinTelegraph reached out to Coinsilium to get some more details on its milestone IPO, set to become one of just a handful of Bitcoin companies in the world — and the first in Britain — to list its shares on London’s junior stock market AIM.

Why AIM? 

London-based Coinsilium plans to raise £3 million (US$4.6 million) with its listing on AIM (formerly the Alternative Investment Market), the stock market for small companies run by the London Stock Exchange.

Coinsilium’s CEO Eddy Travia has been managing VC and private equity funds for over a decade, and the reason this particular exchange was chosen was because it is “a very successful growth market,” he told CoinTelegraph. He also added that “other directors at Coinsilium have significant experience with AIM listed companies.”

Eddy Travia Coinsilium

Additionally, given London’s rising status as a FinTech hub and a US$14.6 million UK government fund pledged for digital currency research, the location of the IPO for this blockchain-focused company does not come as a surprise. 

Travia noted the UK’s favorable climate for crypto startups:

“Listing in London was considered due to the British government and institutions positive and

Read more ... source: Cointelegraph