#IPOWave Crypto IPO Season Begins in 2025
The crypto IPO wave is officially unfolding. Bullish (CoinDesk’s owner) has filed to raise up to $629 million for a $4.2 billion valuation, marking one of the blockchain industry’s first major U.S. exchange debuts. Soon after, Figure Technology submitted a confidential SEC filing for its own IPO, signaling confidence in traditional market access. Leading firms—including Circle, Grayscale, BitGo, Kraken, and OKX—are now planning public listings. Analysts say this IPO boom reflects renewed regulatory clarity and institutional trust, potentially driving a new era of mainstream capital inflows into crypto infrastructure.
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❓ Question for Readers:
Will this crypto IPO rush boost legitimacy or risk creating overvalued public assets?
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