Crypto IPO Boom Expected Over the Next 18 Months, Analysis Says
CryptoNewsTerminal Staff07 Jun, 2024
Crypto IPO Boom Expected Over the Next 18 Months, Analysis Says
Over the next 18 months, there could be a surge in initial public offerings (IPOs) from cryptocurrency companies. Matthew Kennedy, Senior Market Strategist at IPO research firm Renaissance Capital, stated in a Bloomberg interview that "the surge in cryptocurrency prices could lead to the biggest-ever wave of initial public offerings from crypto companies over the next 18 months." According to Kennedy, "as many as 15 crypto companies could go public during this period, and more are likely to follow if bitcoin prices hold at current levels." Yat Siu, co-founder of blockchain and NFT game developer and investor Animoca Brands, also stated that "a number of crypto companies are planning to go public in 2025 or 2026."
