Coinsilium, a London-based firm investing in bitcoin and blockchain technology startups, has delayed its initial public offering on the London Stock Exchange’s AIM market, according to a report from Reuters.
The delay may be a result of recent turbulence in global stock markets.
Reuters quoted sources that indicated that the company was delaying its listing.
Although Coinsilium had planned an IPO in August for about year, a spokesperson told Reuters that the listing had not occurred.
Luke Cairns, the founder of LSC Advisory and a consultant who is helping Coinsilium with its listing, said the company still planned to launch an IPO.
Cairns told Reuters:
(Coinsilium) is still planning to go ahead with an IPO but is weighing options, alternatives to AIM
Coinsilium CEO, Eddy Travia, informed AllCoinsNews the following:
We are working on alternative funding solutions for now and pursuing our commercial objectives notably with our participation to Blockchain Week in Barcelona early October and the set up of Block Chain Space in Barcelona
Coinsilium’s stockbrokers, SI Capital, did not respond to Reuters’s request for comment.