So I've come across this news piece from CNBC, that there many be an ICO coming up soon that is SEC approved with smart contracts that give ownership to the token holders.
This is an amazing development. I think if it works we may see more companies in the traditional space that are currently considering doing an IPO, make the switch to ICO.
O'Lear, a Shark Tank investor, made this announcement, saying that he is involved in the project but could not divulge any more information about it, other than it is a Hotel company looking to raise US$400 million.
He said it something would be happening in 3 weeks he said so I'm definitely keeping my ears peeled to follow this. He said:
"There's a big deal coming in New York in the next three weeks," said the "Shark Tank" investor and chairman of the ETF firm O'Shares Investments. "It's a $400 million coin issuance for a real asset you've heard of."
If if works it will significantly reduce the cost for going public.
You can read the post here: https://www.cnbc.com/2018/03/19/kevin-oleary-new-york-city-hotel-hopes-to-launch-400-million-dollar-coin-offering.html
See you on the next post!
-pinkdust
my places
--Trade alt coins! Join Binance.com
---BUY BTC/ETH with visa/mastercard
----CEX exchange load account directly with visa/mastercard + withdraw with a chargeback
-----Get fiat without cashing out your crypto
Image: screenshot of video from the article posted on cnbc.com
This article is not financial advice.