Last month, Amber Group - a cryptocurrency financial service provider for institutions - officially went public on Nasdaq. This event not only marks an important milestone for Amber but also holds significant meaning for the entire cryptocurrency industry.
Is a Cryptocurrency IPO Wave About to Explode?
Theo Paul Veradittakit, đối tác quản lý tại Pantera Capital, #Amber lên sàn Nasdaq là bước đầu tiên trong làn sóng IPO của các doanh nghiệp crypto tại Mỹ. Ông cho biết, ngày càng nhiều công ty crypto tại Mỹ đang xây dựng kế hoạch IPO, thu hút các nhà đầu tư tổ chức và nguồn vốn mới vào ngành.
In the portfolio of companies with IPO potential, Veradittakit mentioned digital asset custodians, stablecoin issuers, and platforms for developers. For example, recently, Circle - the issuer of the USDC stablecoin - has filed an IPO application with the New York Stock Exchange (NYSE).
Clearer Regulations - A Boost for Crypto IPOs
An important factor driving the wave #IPO of crypto is the increasingly clear legal environment in the US. Veradittakit noted that more open regulations are providing advantages for international companies wanting to go public in the US, similar to Amber Group.
Wayne Huo, CEO of Amber, also emphasized that this listing is not a competition between Asia and the US, but instead opens up opportunities for collaboration between major financial centers around the world. According to him, "The development of technology is always fastest when the East and the West collaborate."
Amber's Future After Going Public
After going public #NASDAQ , Amber plans to use the raised capital to expand international operations and develop crypto financial services for institutions. Currently, Amber's shares (AMBR) are trading at $11.38 with a market capitalization of about $1 billion. CEO Wayne Huo confidently stated: "This is just the beginning of a much larger development phase."
Conclusion
Amber Group's listing on Nasdaq is not only a significant milestone for the company itself but could also pave the way for a series of other crypto companies to join the US stock market. If the legal environment continues to be favorable, investors may witness a wave of IPOs from blockchain companies, stablecoins, and crypto financial services in the near future.