Cryptocurrencies
Headphones Maker Monster Products Files for a $300 Million ICO
- Company is also issuing 75 million shares of common stock
- Monster expects to roll out blockchain network in three stages
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The former maker of Beats headphones is looking for a lift from the digital-currency market.
Monster Products Inc., which focuses on high quality cables for audio, headphones and speakers, is looking to raise as much $300 million in an initial coin offering for Monster Money Tokens (MMNY), according to a U.S. Securities and Exchange Commission filing. The San Francisco-based company is planning to use the proceeds to create an Ethereum-based e-commerce platform under the name Monster Money Network.