Prometheum, which is developing a platform for issuance and trading of digital asset securities, withdrew its plans for an initial public offering on Thursday. It had most recently filed to raise $38 million by offering 6.3 million shares at $6.
The New York, NY-based company was founded in 2017 and booked $1 million in revenue for the 12 months ended December 31, 2020. It had planned to list on the Nasdaq under the symbol PMTM. Network 1 Financial Securities, Paulson Investment, and Alexander Capital were set to be the joint bookrunners on the deal.
