25 Oct '16, 6pm

Overstock's Blockchain Stock Will Begin Trading in December

Overstock's Blockchain Stock Will Begin Trading in December

Online retail giant Overstock will begin trading blockchain-based shares of its stock in December. CEO Patrick Byrne revealed the news today at Money2020 , outlining the actions investors will need to take in the run-up of the release of the shares, as well as the key dates involved in the process. As explained by Byrne, the initial sale will done as a rights offering, meaning interested investors will need to hold Overstock stock by 7th November in order to be eligible to receive shares by 10th November. On 15th November, a subscription period will open, at which time investors can decide whether they want to partake in the offering. Byrne told the audience. "Given our T+3 settlement, you will be a record holder by 10th November... If all goes well, it could be trading by 15th December." The reveal comes just days after Overstock's cryptocurrency group general manager Jud...

Full article: http://www.coindesk.com/overstocks-blockchain-stock-will-...

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