Da Vinci Capital Begins Pre-sale of Tokenized Gett Taxi Shares

Israeli on-demand mobility company, Gett Taxi will be seeing its tokenized shares available to the retail investors in Russia via the independent investment manager, Da Vinci Capital, according to Russian news media 1prime.

Da Vinci Capital hopes to tokenize a portion of its 8% stake in Gett and conduct a pre-sale even before the company announced their plans for an IPO next year. 

“All issued GTT tokens will be provided with shares of the DVC Drive Tech Fund SP under Da Vinci Capital and tied to Gett shares,” Da Vinci Capital noted.

The sales of these shares will be conducted as part of a Security Token Offering (STO) and can be acquired through the OKONTO platform. The tokens will be available to both professional and private investors, at 415 euros as a minimum investment.

The managing partner of Da Vinci Capital, Oleg Zhelezko, noted that “Participation conditions are the same for all investors. Each token allows investors to receive returns on Gett shares and is acquired at the price of the last round of financing. As a result, each token is provided with 160 Gett shares,” 

Notably, both the retail and institutional investors will now be able to invest in the company before its plans to officially conduct a public offering in the first quarter of 2020.

The realized funds from STO, as well as the upcoming IPO for Gett Taxi, will as per the report enable the ride-hailing company to extend its offering to other countries. Gett Taxi, founded in 2010, currently offers its services to users in the USA, UK, Israel, and Russia.

Your crypto deserves the best security. Get a Ledger hardware wallet for just $79!

  • bitcoinBitcoin (BTC) $ 23,626.00 2.72%
  • ethereumEthereum (ETH) $ 1,619.91 2.91%
  • bnbBNB (BNB) $ 318.28 4.06%
  • xrpXRP (XRP) $ 0.414727 1.15%
  • solanaSolana (SOL) $ 26.03 8.47%
  • terra-luna-2Terra (LUNA) $ 2.16 1.25%