This is a fantastic business, interesting to hear M&A activity, it was inevitable that they would absorb the liquidity of the other exchanges to be the dominant player, but sounds like they just want to expediate this. They are a very lean operation (monthly burn ~$120k if I recall correctly) so perhaps will use IPO funds for acquisitions.
A lot of big funds (blue sky, vicsuper etc) increasingly speculating/trading water futures on H2Ox and believe this will snowball. When H2OX offers a deriviates market, volume should increase 3-4x and will be a liscence to print money.
