The blockchain financial trading platform TessPay announced the terms of its IPO on Friday, local time, and plans to issue 1.3 million shares at a price of US$4-6 per share to raise US$7 million. It is expected that the market value will reach US$72 million after being fully diluted. .
TessPay, whose financial technology platform uses blockchain technology to secure and simplify financial transactions, said it will first deploy its services in the telecommunications industry as it plans to list on the New York Stock Exchange.