Grayscale Pursues IPO in the U.S.; Files S-1 With SEC

Minseung Kang

Summary

U.S. digital asset manager Grayscale reportedly submitted an S-1 filing to the SEC for an initial public offering (IPO).
The number of shares to be issued and the offering price range have not yet been determined, and the IPO will proceed depending on SEC review and market conditions.
This application could be the first U.S. stock market listing among major digital asset managers, and it was reported that the entry flow into U.S. capital markets is accelerating.

U.S. digital asset manager Grayscale has reportedly applied for an initial public offering (IPO).

On the 13th, CoinDesk, a media outlet specializing in virtual assets (cryptocurrency), reported, "Grayscale has filed an S-1 for a common stock offering," adding, "The number of shares to be issued and the offering price range have not yet been determined." The IPO will proceed depending on SEC review and market conditions. If approved, this application could become the first listing among large digital asset managers.

Detailed information such as the purpose of the IPO application and the schedule has not been disclosed.

This move is interpreted as a signal that the flow of virtual asset companies' entry into U.S. capital markets is accelerating, following the listings this year of stablecoin issuer Circle (Circle Internet Group·CRCL) and exchange Bullish (Bullish·BLSH) on U.S. stock markets.