IPO Investing Glossary

IPO University

Initial Coin Offering (ICO)

These highly speculative and mostly unregulated offerings raise fresh capital for programmers promising to build a cryptocurrency-based business. Unlike IPOs, buyers of newly-minted tokens are not entitled to future cash flows, nor do they get an ownership stake in the startup. Instead, investors hope that the business plan becomes a reality, and the finite supply of coins will drive up their value.


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