There is a lot of hype associated with the blockchain industry. Companies and investors expect big things from this technology. So far, few actual use cases exist to warrant that excitement. Despite the ongoing struggles, the R3 blockchain consortium is contemplating filing for an initial public offering.
It is not entirely common for blockchain firms to look into launching their own IPO. In this day and age, most blockchain ventures use an initial coin offering to raise capital, even though that business model is still met with a lot of scrutiny. When it comes to the R3 consortium, their business model is very different from what a typical ICO venture is trying to achieve.