Crypto IPOs Face a Defining Test as Public Markets Turn More Selective in 2026


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6
min read ▪ by
James G.

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Crypto companies are returning to public markets after several years on the sidelines. Listings in 2025 reflected renewed confidence following a prolonged slowdown. The larger test, however, still lies ahead. White & Case partner Laura Katherine Mann says 2026 will determine whether crypto IPOs can maintain investor trust beyond market cycles.

A crypto entrepreneur in a suit physically struggles against an unbalanced giant scale, with the heavier side labeled 2026 symbolizing growing pressure from public markets.A crypto entrepreneur in a suit physically struggles against an unbalanced giant scale, with the heavier side labeled 2026 symbolizing growing pressure from public markets.

In brief

  • Crypto IPOs returned in 2025 with listings from Circle, Bullish, and Gemini, signaling renewed confidence…

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