August 4, 2020 INX to target $127M in upcoming IPO.

Gibraltar-based cryptoasset exchange INX has again shifted plans for its upcoming IPO, lowering its target raise from $130M to $127M. If successful, this would be the largest blockchain-related IPO to date; the record is currently held by Canaan, which raised $100M in a November 2019 offering. INX’s IPO was originally scheduled to take place in 2Q20 but is now expected to occur sometime in 2021.