Kik Blames Canadian Regulators for Skipping Country in ICO
- Messaging app plans to raise $125 million total in offering
- Kik CEO said ‘weak guidance’ from OSC led to the decision
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Kik Interactive Inc., a Canadian messaging app preparing to hold one of the highest-profile initial coin offerings yet, said it won’t allow investors from its home country to participate in the offering.
Chief Executive Officer Ted Livingston blamed “weak guidance” from the Ontario Securities Commission for the decision.