Will R3 Conduct the IPO?
R3 - a company working in the field of applying blockchain technology in the financial sector, is considering the possibility of an initial public offering (IPO). A source close to the company said that R3 is considering this issue. While the company's customers have already shown interest in the upcoming IPO.
Representatives of R3, spoke on this issue:
“We’re not surprised about the speculation given the success of Corda, but an IPO is not a path we’re pursuing at this time. Our mission from the start was to deliver a blockchain solution for the widest possible business community, and any decision we make will have that goal in mind.”
Most likely, the company considering its capabilities in terms of growth and development. According to a study conducted by Deloitte in May this year, about 30% of financial executives "plan to allocate resources for the development of blockchain, within the next year and a half". While 33% of respondents said that they are ready to introduce this technology.
This week, R3 released a new "version" of its distribution platform with open source Corda. It is oriented to use in business processes. It is worth saying that Corda Enterprise is optimized to meet the needs of modern business companies.