BackCoinDCX says it has no IPO plan as of now
India’s first crypto unicorn, CoinDCX, on Monday clarified that there is no immediate plan to go public after it was reported that the exchange plans to go for an IPO as soon as the government regulations allow it
PremiumIndia’s first crypto unicorn, CoinDCX, on Monday clarified that there is no immediate plan to go public after it was reported that the exchange plans to go for an initial public offering (IPO) as soon as the government regulations allow it.
A Bloomberg report citing CoinDCX’s co-founder Neeraj Khandelwal said that the firm would decide on a “precise timeline", depending on incoming government regulations. “As soon as the government or the situations allow us, we will try for an IPO," Khandelwal said in an interview with Bloomberg Television on Monday.
CoinDCX, in a statement, later clarified that the focus of the interview was to discuss the regulatory framework in India about the crypto bill being tabled in the Parliament.
“We would like to reiterate that as any growing company aspires to take an IPO route in due course, we at CoinDCX also have similar aspirations. Having said that, there is no definitive route or clause as to when we would go ahead with this plan," a CoinDCX spokesperson said, and added, “As an official clarification, we would like to reiterate that there is no immediate plan in the foreseeable future to announce an IPO."
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