💰 ICOs were 45% of IPOs in Q2 2018
The ICO market was 45% and 31% of the traditional IPO and venture capital markets during Q2 2018, respectively, up from 40% and 30%, during Q1 2018. ICO volume during Q2 2018 was approximately $7.2 billion according to CoinDesk while the US IPO market raised $16 billion (according to PwC) and US venture capital markets raised $23 billion (according to CB Insights and PwC) during the same period. Thanks to ICOs, companies can now raise billions via non-dilutive tokens instead of issuing traditional equity or debt.
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