ICOs: The risks investors need to weigh up

Initial coin offerings let issuers raise money from the public without dealing with regulators and banks. But this latest cryprocurrency trend raises red flags.
November 13, 2017

Instead of filing papers for an initial public offering with a securities regulator and then selling shares, blockchain companies are raising money selling digital tokens. That’s what Filecoin did in early August when it raised $252 million in just over half an hour.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

Lufax expands into international markets

Although peer-to-peer lending platforms face stricter regulations in China, this hasn't stopped the expansion of Lufax into overseas markets.
December 06, 2018

Chinese equity investment cools down in Q1

Credit tightening has seen Chinese equity investment drop 49% over the past year. But while fintech has borne the brunt of investor caution, healthcare still stands out at the sector to watch.
May 02, 2019

Singapore's equity market reset has hard work ahead

Singapore’s equity market is stirring, but success now hinges on moving beyond the structural reset to solve the harder, "stubborn" gaps in research depth, corporate behaviour, and retail participation; MAS has warned "there's much work ahead".
April 08, 2026