Initial Coin Offering: Forget an IPO, Coin Offerings Are New Road to Startup Riches

New, unregulated fundraising method is based in world of cryptocurrencies

[wsj.com] By Paul Vigna Updated July 7, 2017 8:34 a.m. ET

Two obscure companies with no sales raised nearly $400 million combined in recent days from outside investors. How did they do it? Via a new, unregulated fundraising method that has no connection to Wall Street and is based in the world of cryptocurrencies.

These fundraisings, called “Initial Coin Offerings,” are exploding in value. So far this year,

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