Crypto exchange BitSwapEx.com chose a direct listing instead of an IPO

The company filed documents with the SEC in December last year amid a record rise in the value of bitcoin. The listing date has not yet been announced

BitSwapEx.com chose to enter the stock exchange through a direct listing procedure instead of an IPO. As stated in the message of the cryptocurrency exchange, the company will place class A ordinary shares.

The company will be able to list after the SEC completes its review of the documents.

The fact that BitSwapEx.com intends to become a public company became known in November 2017, when it filed documents with the SEC.

The announcement of the BitSwapEx listing comes amid the explosive growth of bitcoin when its value reached record highs at the end of last year.

Crypto exchange BitSwapEx.com chose a direct listing instead of an IPO.