31 Aug '17, 5am

We're on the front page of @FinancialReview!

We're on the front page of @FinancialReview!

Share on twitter by Ben Potter Perth energy trading platform PowerLedger has raised $17 million in the first two stages of its Australia-first virtual currency IPO and looks set to raise more than $30 million by the time its public offer closes. Demand has exceeded Powerledger's initial expectations and the success of the "initial coin offering" or "ICO" shows there can be a strong appetite for fundraising offers from Australian firms using this novel form of fundraising and virtual currencies like Bitcoin and Ethereum. Chair Jemma Green said the $17 million came from a discounted private presale of 90 million Powerledger tokens or POWRs to members of the company's community, and a public presale of 100 million POWRs to investors and partner utilities that was filled in 72 hours. The company allows households and community organisations to trade surplus solar power over a ...

Full article: http://www.afr.com/news/powerledgers-bitcoin-ipo-powers-t...

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