IPOs | Crypto

Robinhood’s new IPO underwriter role comes as SpaceX prepares a record-breaking public offering, with retail brokers and crypto-native derivatives platforms racing to shape price discovery and access. Robinhood Securities said it had secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside Wall Street banks. Chief executive Vlad Tenev said in a Tuesday X post that Robinhood Securities is “now approved to serve as an underwriter,” without specifying which regulator granted the approval, a process that typically involves oversight from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Framing the move as the “natural next step” after launching IPO Access in 2021, Tenev said the question in equity capital markets had shifted from “why allocate to retail at all?” to “how big can the allocation be?” Read more

Gemini and Figure are targetting combined valuations exceeding $6.3 billion for their initial public offerings (IPO) as digital asset firms capitalize on renewed investor appetite for public market debuts, Reuters reported on Sept. 2. Blockchain lender Figure Technologies aims to raise up to $526.3 million at a maximum valuation of $4.13 billion. Meanwhile, Gemini exchange […] The post Major US crypto firms target multi-billion valuations in their IPOs appeared first on CryptoSlate.

BitGo has filed confidential paperwork with the U.S. Securities and Exchange Commission (SEC) for a potential initial public offering, signaling its intent to enter public markets amid renewed momentum in the digital asset sector. The company’s Form S-1 submission does not include share counts or pricing details, and the offering remains contingent on regulatory review […] The post BitGo joins flurry of crypto firms eyeing IPOs appeared first on CryptoSlate.