CoinDCX will launch an IPO after the appearance of certainty from the regulator, its co-founder Niraja Khandelwal told Bloomberg. The co-founder of the first crypto unicorn in India believes that the sale of shares will be a vote of confidence for the digital asset industry in the country.
Khandelwal says the firm will decide on the timing of the IPO depending on government regulations.
https://www.bloomberg.com/news/articles/2021-11-29/saverin-backed-indian-crypto-unicorn-plans-ipo-when-permitted
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Khandelwal says the firm will decide on the timing of the IPO depending on government regulations.
https://www.bloomberg.com/news/articles/2021-11-29/saverin-backed-indian-crypto-unicorn-plans-ipo-when-permitted
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Even I heard of this news today and was surprised to see CoinDCX planning to stay ahead in the race. I would say it's a good move to make more people aware of the crypto space.
The crypto community in India is active and a crypto exchange launching an IPO will create a crazy hype about it in the financial market.
If they launch an IPO I will apply for it and and get some listing gains. I won't hold it for the long term but will try to take profits from it in the short term.
