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$300 million

Headphone maker Monster to raise upto $300 million in coin offering

Headphone maker Monster Products Inc said it is planning to raise up to $300 million in an initial coin offering, a fund-raising strategy in which a company creates a token, or digital currency, and sells it to the public. The former makers of Beats headphones want to develop an Ethereum-based e-commerce platform. Monster Products will offer up to 300 million of its "Monster money tokens" (MMNY) for the offering, the company said in a regulatory filing dated May 25. The company is also offering 75 million shares of its…