Neufund closes world’s first blockchain IPO with €1.4m raise
December 05 2019 - 5:00PM
Coin Rivet
Berlin-based investing and fundraising platform Neufund has
closed the world’s first IPO using blockchain technology. A total
of 1,017 investors from 34 countries contributed to the capital
raise, with e-mobility manufacturer Greyp raking in €1.4m. Greyp is
backed by both Porsche and T-Mobile and is the sister company of
supercar firm Rimac Automobili. Neufund’s offering allowed the
retail market to invest with a minimum contribution of €100. It was
the first ever fully-compliant Initial Public Offering (IPO) based
on the blockchain. “It’s an exciting day for Neufund and a huge
step forward for the security tokens industry at large. We have
proven that private companies can effectively use blockchain IPOs,
whilst lowering the barrier to entry for retail investors,”
said
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