Kodak Tumbles After Saying ICO Process to Take Several Weeks
- Over 40,000 potential investors expressed interest in token
- ICO partner says the offering is proceeding without delay
This article is for subscribers only.
Kodak may be slowing down its initial coin offering, but investors are dumping its stock -- fast.
Shares of Eastman Kodak Co. fell as much as 19 percent Thursday, after the 130-year-old company said that verifying the “accredited” status of potential investors for the digital KODAKCoin token could take several weeks. Over 40,000 investors expressed interest in the offering.