SAN FRANCISCO--(BUSINESS WIRE)-- SharesPost Financial Corp., a leading liquidity provider to private growth companies, today announced it has been chosen by Finom AG, a leading Blockchain and cryptocurrency firm, to facilitate Finom’s Initial Coin Offering (ICO).
Finom is authorizing the sale of security and utility tokens up to $101 million in its ICO. Each FIN Token will be the digital equivalent of four company shares of Finom Common Stock. The initial offering is expected to close on December 30, 2017. Proceeds will be used to build out the company’s platform.
Headquartered in Switzerland, Finom is a global cryptocurrency transaction and mining platform. The company reports more than 500,000 active users across four different cryptocurrency businesses: TabTrader (one of the most widely used mobile crypto-trading terminals), Nanopool (one of the world’s largest altcoin mining pools), Cryptonit (a cryptocurrency exchange) and Beetle.io (an application enabling use of cryptocurrencies in commerce).
“SharesPost is very pleased to have been selected by Finom to facilitate its landmark Initial Coin Offering,” said SharesPost Founder and CEO Greg Brogger. “We believe this innovative offering will have far-reaching implications for the innovation economy. This offering is another milestone in the democratization and globalization of the private capital market. We are excited to be part of it.”
The ICO establishes SharesPost as one of the first to facilitate the issuance of unregistered digital securities issued pursuant to Regulation D of the U.S. Securities Act of 1933. An SEC-registered Alternative Trading System, SharesPost plans to support secondary trading in security tokens, including Finom’s security tokens.
About SharesPost, Inc.
Based in Silicon Valley, SharesPost is an SEC-registered broker-dealer, investment advisor and Alternative Trading System as well as a member of FINRA and SIPC. SharesPost helped launch the market for secondary trading in private growth companies in 2009 and has built one of the most active platforms for data, analysis and transactions. With nearly $3 billion in closed transactions in more than 180 leading private companies, SharesPost provides shareholders and buyers with the information and access to transact in the private market with confidence. For more information, please visit sharespost.com.
This press release contains statements which, to the extent that they do not recite historical facts, constitute forward-looking statements. These statements can be identified by the fact that they do not relate strictly to historical or current facts and may include the words “may,” “will,” “could,” “should,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan” or other words or expressions of similar meaning. These forward-looking statements are based on the current expectations of Finom about future events. Consequently, actual results may differ materially from those that might be anticipated from forward-looking statements. In light of these and other uncertainties, the reader should not regard the inclusion of a forward-looking statement in this press release as a representation by Finom that its plans and objectives will be achieved, and should not place undue reliance on such forward-looking statements. Finom does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171204005651/en/
Source: SharesPost Financial Corp.