Grayscale Investments has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), signaling plans for a possible initial public offering (IPO)
Grayscale IPO Confidential Filing
Grayscale used the confidential filing route, a method allowed under the Jumpstart Our Business Startups (JOBS) Act. This process lets companies submit a draft S-1 form privately to the SEC. It is often used by firms looking to keep competitive and financial information away from public view until the offering is closer to launch.
This move comes at the start of a busy week for the cryptocurrency industry where the U.S. House will debate and vote on major crypto legislations and has already fueled Bitcoin price rally to a new ATH today.
A company representative said in a press release,
“The registration is expected to take place after the SEC completes its review process, subject to market and other conditions.”
However, the company has not provided details about the number of shares or the pricing range. The IPO will proceed once the SEC has completed its review and depending on market conditions. These confidential submissions will allow the SEC and the issuer to work through any questions before making the documents public.
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Kelvin Munene Murithi
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary .
With a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets.
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