Crypto Companies Are Lining up for the IPO Gold Rush
The highly successful Circle IPO has other crypto companies gearing up to go public.
Within days of its debut, stablecoin giant Circle’s stock (CRCL) rallied more than 4x its IPO price of $31 to $125 — and other crypto companies are evidently looking to take advantage of the market’s favorable conditions.
CRCL is currently trading near $107, down about 8% on the day, but up 57% from its opening price on the NYSE on June 5.
The day after Circle’s IPO, centralized exchange (CEX) Gemini announced that it had begun the process of filing for an IPO with the U.S. Securities and Exchange Commission (SEC). Fellow U.S. CEX Kraken has been reportedly seeking the move to IPO, and, as of this week, Bullish,…
