🌎 NYSE Sees Rise in Crypto Company IPOs

NYSE Predicts Increase in Crypto Company IPOs Amid Growing Interest

The New York Stock Exchange’s vice president of listings and services, Chris Taylor, has expressed optimism about the IPO market in the coming year. Taylor anticipates an uptick in initial public offerings, particularly among cryptocurrency companies seeking public listings.

Growing Interest from Crypto Firms

During the Reuters Global Markets Forum in Davos, Taylor noted that cryptocurrency firms are increasingly exploring opportunities to list on the NYSE. This growing interest signals their expanding involvement in traditional financial markets. According to Taylor, this trend aligns with the NYSE’s broader expectations for an increase in public offerings.

Regulatory Changes and Shifts in the SPAC Market

Taylor expressed hope that potential regulatory changes under the new SEC leadership will result in policies that better support public markets. He also highlighted shifting trends in the special purpose acquisition company (SPAC) market, where investors have begun applying greater scrutiny to sponsors.

This increased scrutiny may lead to a more cautious approach in the SPAC market. As a result, companies may opt for traditional IPO routes instead. The NYSE is well-positioned to capitalize on this trend, with Taylor predicting steady growth in initial public offerings.

Crypto Companies Pursuing IPOs

Several U.S.-based cryptocurrency companies have pursued IPOs recently. For example, stablecoin issuer Circle filed for an IPO earlier this year. Meanwhile, Telegram, a blockchain-affiliated social network, is preparing for its own public debut.

In addition, Kraken reportedly sought to raise $100 million ahead of its planned initial public offering. The funding round could conclude by year-end, marking a significant milestone for the cryptocurrency company.

As the cryptocurrency market continues to evolve, it’s likely that we’ll see more companies pursuing IPOs. For the latest updates on crypto news and trends, visit Global Crypto News.