Consisting of more than 200 financial institutions blockchain-R3 consortium is considering holding an initial public offering of the shares, but the final decision on this matter is still pending. It is reported Bloomberg citing people familiar with the situation sources.
According to the publication that the company is in talks with legal advisors and potential buyers reportedly already interested in this proposal.
Due to the sensitivity of negotiations, the source names are not disclosed. The final decision regarding the release of R3 will take on the IPO founder and CEO David Rutter, together with existing investors.
“We are not surprised by this speculation, given the success [of the platform ]Corda, but IPO is not the way that we are considering now. From the beginning our mission was to create a blockchain solutions for the broader business community, and any decision we will take into account this selector”, — said in a statement R3.
The consortium includes such major organizations as Intel, Microsoft, US Bancorp, Wells Fargo, Bank of America, ABN Amro Group NV, Barclays, Bain & Co. Bank of New York Mellon Corp and Deutsche Bank AG.
Earlier in July, was presented a new version of its flagship product R3 platform Corda. New release received the name of Corda Enterprise and is aimed at institutional clients.
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