Sure, the data above doesn’t scream “crypto’s thriving.”
But zoom out, and you’ll see that we’re actually in quite a sweet spot – the bull market’s still on, institutions no longer take crypto as a joke, and regulators have started making the rules feel less like hieroglyphs.
And for crypto companies, this combo means they gotta rethink how they grow.
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Right now, most of ’em are still private. That means they’re stuck with venture capital or token sales to fund their growth.
Both options suck in their own ways – VCs are picky and expensive, while token sales are a gamble that depends on whether the market is feeling good that day.
Public markets, on the other hand, offer something they can’t get anywhere else: steady access to massive amounts of capital, plus the kind of mainstream credibility that venture funding just can’t buy.
That’s why IPOs are kinda having a moment rn.
And the results are wild:
👉 Circle (the issuer of USDC) went public earlier this year. Their stock more than doubled on the first day, making it the biggest crypto IPO since Coinbase.
👉 Bullish (a crypto exchange) IPO’d last month. Shares opened above $90, increased to around $118, then settled at $68 – still 84% higher than the IPO price.
Crazy numbers.
And now, we’ve got two more companies hoppin’ on the IPO train.
“Oh my goshies oh my goshies!1!! Who??” – you maybe.
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Ay, chill, you don’t have to guess. I gotchu 😏
1/ Gemini
Gemini, the crypto exchange founded by the Winklevoss twins, plans to list on the Nasdaq under the ticker GEMI.
They wanna sell 16.67M shares at $17 – $19, which could raise up to $317M and value the company at ~$2.22B.
And they’ve got some serious support – Goldman Sachs, Citigroup, Morgan Stanley, and Cantor are all lead bookrunners.
Translation: these are the banks in charge of organizing the IPO and finding investors to buy the shares – so, Gemini’s kicking things off with Wall Street’s A-team.
2/ Figure Technology Solutions
The blockchain-focused lender Figure Technology Solutions is getting in on the action as well.
Just like Gemini, it’s heading to Nasdaq – under the ticker FIGR.
The plan is to sell 21.5M shares at $18 – $20, which could raise about $526M and value the company near $4.3B.
The IPO’s being handled by Goldman Sachs, Bank of America, and Jefferies.
Now, what’s in it for you, the everyday crypto investor, from all this? A few things 👇
1️⃣ More legitimacy
A listing on Nasdaq is basically TradFi giving crypto companies a 👍
That builds trust with institutions, which eventually means more money going into the crypto ecosystem – including the coins in your wallet.
2️⃣ New ways for normies to get crypto exposure
Not everyone wants to deal with private keys, hardware wallets, or gas fees. IPOs let regular stock investors buy into the industry without touching actual crypto.
More money coming in from different angles is good for everyone.
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Basically, IPOs don’t pump your coins directly, but they make crypto look way more professional to the outside world.
And in the long run, that respectability should help your portfolio 😉
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Now you’re in the know. But think about your friends – they probably have no idea. I wonder who could fix that… 😃🫵 Spread the word and be the hero you know you are! |
