Cryptocurrencies
‘Frothy Squared’: Crypto Firms Are Lining Up to Tap Market Mania
- Wave of crypto-centric companies announce plans to go public
- Renaissance sees at least eight crypto/blockchain candidates
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The IPO fever whipping up animal spirits in the stock market has spilled over into the crypto-sphere.
After watching investors pour millions into blank-check companies and seeing the likes of JFrog and Snowflake surge after market debuts, at least eight crypto firms are eyeing initial public offerings. Coinbase has filed. Other exchanges are laying out plans or looking to be acquired through special-acquisition vehicles. And two Bitcoin mining equipment firms in China are on IPO watch lists, according to Renaissance Capital.