Cryptocurrency-focused asset manager and exchange-traded funds (ETF) issuer Grassscale joined the growing list of Crypto companies to launch IPOs in the United States.
On Monday, Grassscale Said It filed its company’s shares with the Securities and Exchange Commission (SEC) to list under a new section that enables confidential filing before the final public offering.
Entering public markets may be a to search for more money opportunities through strategies like public stock offerings, Michael Sayler’s strategy, or convertible note offerings, such as a $ 2.25 billion of the gamestop, from June 13.
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Grassscale’s filing comes a month after the circle, the world’s second largest Stabelcoin USDC (USDC) issuer to more than $ 1.05 billion to its IPO and started on 5 June in New York Stock Exchange.
IPO pricing evaluated circle to $ 6.9 billion based on outstanding shares over 220 million Listed In filing on 2 June.
Circle’s IPO success may inspire more crypto-foreign firms to move to public markets with similar offerings, sparking a fresh Crypto IPO season in 2025.
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This is a developing story, and further information will be added as it is available.
