Russians can buy Gett’s tokenized shares during pre-IPO

MOSCOW, Jul 15 (PRIME) -- Retail Russian investors can buy tokenized shares of Israeli online taxi hailing service Gett under its pre-initial public offering (pre-IPO), legal digital assets platform OKONTO said on Monday in a statement.

“The terms of participation are equal for all investors. Every token allows investors to get a yield from Gett shares and is purchased at a price of the last round of funding. As a result, every token is secured by 160 shares of Gett,” Da Vinci Capital managing partner Oleg Zhelezko said.

Fund Da Vinci Capital, which currently owns 8% in Gett, intends to tokenize some of its shares and hold a pre-IPO ahead of the company’s IPO scheduled for January–March 2020. All issued GTT tokens will be secured against the shares of fund DVC Drive Tech Fund SP, managed by Da Vinci Capital and tied to Gett’s shares.

Both individuals and professional investors will be able to buy tokens with a minimum investment of 415 euros.

The sale of the tokenized shares will be done under a security token offering, and digital assets can be purchased via OKONTO.

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