Blockchain investment company Coinsilium postpones IPO plan, suspected to be affected by stock market volatility

According to Reuters, Coinsilium, a London-based startup focused on investing in bitcoin blockchain technology, will postpone its plans to list on the London Stock Exchange’s AIM ^[1] market.

Analysts believe that the reason why Coinsilium postponed its IPO may be related to the recent global stock market fluctuations.

In July this year, Coinsilium announced that it would conduct an IPO on the AIM market of the London Stock Exchange in August this year, with the stock code COIN, and aimed to raise $4.6 million. As soon as the news came out, it was immediately reported by a large number of media such as CoinDesk, calling it the first listed Bitcoin company in London, which is of groundbreaking significance.

Founded in 2013 by the founder of Bitcoin blockchain incubator Seedcoin, Coinsilium is committed to investing in Bitcoin blockchain startups and developing blockchain applications on its own. The ultimate goal is to achieve widespread use of blockchain technology around the world. Since its inception, the company has raised more than 3 million pounds. Its investment portfolio is diverse, not only investing in digital currency companies such as meXBT, Factom, and SatoshiPay, but also investing in a gold trading platform The Real Asset Company and a security technology company Rivetz.

卢克•凯恩斯, founder of LSC Consulting, which advises Coinsilium on its IPO plans, told Reuters that while Coinsilium would postpone its IPO plans, it would not abandon them.

“Coinsilium is still pursuing its IPO plans, but may explore other avenues and may not list on the AIM market of the London Stock Exchange.”

In August, global stock markets fluctuated and financial market volatility rose to its highest level since the 2008-2009 financial crisis. People have not yet fully recovered from concerns about China's economic slowdown and sluggish global economic expectations, which may also have affected people's enthusiasm for participating in IPOs.