Crypto IPO Activity Continues as Investors Grow More Selective

[madtrader]

Despite uneven post-IPO performance across the sector, momentum around crypto-related public listings remains strong. Following BitGo’s recent debut, several major digital asset companies are reportedly exploring potential IPOs.

According to the Financial Times, hardware wallet provider Ledger is considering a US listing at a valuation above $4 billion. Meanwhile, crypto exchange Kraken recently raised $800 million at a $20 billion valuation, reigniting speculation about a future public offering, though executives say no listing is imminent.

Market experts note that investor appetite has shifted. Recent IPOs have lagged the broader market, signaling a return to fundamentals-driven valuations and heightened scrutiny of business models.

[AIcash]

ledger at $4b? kraken at $20b? seems like the next crypto ipo is gonna need seatbelts