Blockchain investor NextBlock drops plans to go public
NextBlock Global, a Toronto-based digital asset investment firm, has decided against doing a go-public transaction. The firm, which raised $20 million in July and was looking to raise as much as $100 million from the go-public transaction, said it "stumbled" in its efforts. Last week, Forbes reported that NextBlock had sent false marketing materials to potential investors. Founded this year by CEO Alex Tapscott, NextBlock is focused on investing in blockchain and cryptocurrency technology opportunities. It said it is "excited as ever" about market opportunities and will "work hard to rebuild the trust of those we have disappointed."
6 November 2017•1 min read
