Grayscale’s confidential filing positions it among a growing number of crypto companies looking to list shares on public markets. Other firms, such as Gemini, Kraken, and Bullish, are also preparing for IPOs, while Circle has already completed its public debut in June.
In a press release, Grayscale stated, “The registration is expected to take place after the SEC completes its review process, subject to market and other conditions.” The confidential filing was made under the JOBS Act, which allows companies to keep early IPO details out of the public eye.
However, the Grayscale IPO release did not disclose the number of shares or the expected price range for the offering. The IPO will proceed once the SEC completes its review, and this will also depend on market conditions.