Listed Tech Firm Xurpas Announces Initial Coin Offering
Xurpas Inc., the country’s largest listed consumer technology company, has announced that one of its international subsidiaries will be selling up to $100 million worth of digital tokens through an initial coin offering (ICO).
In a disclosure to the Philippine Stock Exchange dated May 16, the listed technology firm announced that these tokens will be sold by ODX Pte. Ltd., a Singapore-based subsidiary that stands for Open Data Exchange. ODX aims to provide free internet access to consumers in emerging markets.