Based on Coincu, Grayscale Investments has filed an S-1 with the SEC, signaling its intent to launch an initial public offering in the U.S. The company plans to list its Class A common stock on the New York Stock Exchange under the ticker symbol 'GRAY'. Grayscale will issue two classes of stock, with Class B shares carrying no economic rights to allow Digital Currency Group to retain control. The firm will adopt an 'Up-C' structure, and IPO proceeds will be used to purchase membership interests from existing holders. Underwriters include Morgan Stanley, BofA Securities, Jefferies, and Cantor. The offering remains subject to regulatory review and market conditions.
Grayscale Files for IPO, Plans NYSE Listing as 'GRAY'
CoincuShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.