Genesis Digital Is Considering Going Public Via IPO In US: Report

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As an experienced financial analyst, I’ve seen the ebb and flow of public market interest in various industries over the years. The recent surge of interest from cryptocurrency-related companies to go public is a fascinating development that I believe speaks to the growing maturity and mainstream acceptance of this space.

Many American businesses are increasingly eager to take their companies public, with Genesis Digital becoming the most recent example, having expressed a strong intention to do so, backed by Alameda Research.

Genesis Digital Asset Works on its IPO

As a researcher investigating the latest developments in the digital asset industry, I’ve come across some intriguing news regarding Genesis Digital Asset. Based on my findings from reliable sources who preferred to remain anonymous, it appears that Genesis is considering going public through an Initial Public Offering (IPO). According to my sources, the company has already initiated talks with financial advisers about the potential listing. Furthermore, Genesis is reportedly planning to hold a pre-IPO funding round in the near future. However, I must emphasize that the situation is still fluid and ongoing deliberations could potentially influence the fundraising plans.

As a crypto investor, I can anticipate that more specifics regarding the upcoming IPO will be unveiled progressively as the decision-making process unfolds.

Several other companies, including a number of Bitcoin mining operations, have expressed their intention to go public imminently. Northern Data AG is reportedly in discussions with advisors for an upcoming IPO in the US. This offering will merge their data center and AI cloud computing businesses. Additionally, Northern Data aims to secure a valuation of $16 billion during the IPO.

It’s widely held that Northern Data AG plans to list potential underwriting banks for its IPO in the hopes of securing a Nasdaq listing by the first half of 2025, although it remains uncertain if this timeline is achievable.

More Private Companies Eyes an IPO 

Animoca Brands, a company specializing in blockchain gaming and Web3.0 investments, is considering going public in Hong Kong and the Middle East. Preliminary talks with banks regarding this possibility have started, although no formal engagement of financial advisors has occurred as of yet. Similar to Northern Data AG, Animoca Brands aims to complete this process as early as next year.

In addition to Genesis Digital, Kraken, the cryptocurrency exchange, is intending to initiate an Initial Public Offering (IPO) which could potentially debut around the beginning of next year.

Companies’ increasing eagerness to conduct initial public offerings (IPOs) is a testament to the surging appetite among cryptocurrency fans to own shares of these businesses. According to Coingape’s June report, top crypto firms like Circle, Kraken, and Chainalysis have experienced brisk equity trading.

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2024-07-03 00:45