The IPO market is facing a significant downturn, with deal values sitting near their lowest levels since the 2008 Financial Crisis. Here’s a breakdown:
🔹 Since 2021, the 12-month moving average of monthly IPO deal value has dropped a staggering 90%, down to just ~$3 billion.
🔹 In 2023, US companies raised $20 billion through IPOs, and so far this year, the figure has slightly increased to $26 billion—but still far below historical levels.
🔹 Even with the S&P 500 hitting 41 new all-time highs, IPO volume is crashing.
Why the Pullback?
Recession fears are driving much of the decline, with odds of a recession in 2025 rising to 50%.
Corporations are not confident about the economy, which has led to fewer companies going public.
This lack of confidence signals broader concerns about the future economic outlook, as companies hold off on entering the market amidst uncertainty.
#IPO #MarketDownturn #RecessionFears #EconomicOutlook #StockMarketSuccess

On the first day of #trading on the Abu Dhabi Securities Exchange (ADX), shares of cryptocurrency mining company Phoenix Group surged by about 50% following an initial public offering (IPO) that raised $370 million.In early trading, the stock, symbol PHX, started at 2.20 United Arab Emirates dirhams ($0.60), increased to 2.25 dirhams ($0.6), and then declined With orders totaling about $12 billion, the #IPO was 33 times oversubscribed. The estimated post-IPO valuation of Phoenix Group is $2.5 billion.The #crypto mining company's stock price increase on the ADX exchange indicates that investors are confident in the company's future and that the market is responding favourably to it. The Phoenix Group will use the IPO proceeds to finance its continued expansion and provide investors with profitable returns. The company has also established strategic partnerships and investments. For example, in October, it signed an agreement to construct a $300 million #cryptocurrency mining farm in Oman, and Abu Dhabi's International Holding Company purchased a 10% share in Phoenix Group.

It seems that there is speculation and predictions from various sources about the potential date for Ripple's Initial Public Offering (IPO). According to a Wall Street financial analyst, there is anticipation for Ripple's IPO to take place in May 2024, with a specific date of May 15 being mentioned as the ideal time. However, there have been previous speculations about a potential #IPO date, with September 28 being highlighted as a key date for the anticipated move. These predictions are based on the potential impact of Ripple's IPO on the price of its native token, #XRP with some experts suggesting a significant surge in its price if the IPO materializes.

It's important to note that these are predictions and speculations, and the actual IPO date for Ripple has not been officially confirmed. Therefore, investors and individuals interested in this matter should exercise caution and consider consulting with financial advisors or conducting thorough research before making any investment decisions related to Ripple's IPO.

This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their research and make informed decisions.

XRP community anticipates Ripple making IPO statements at the Ripple Swell conference, which will be held in Dubai.
Read more on: https://thecryptobasic.com/2023/10/28/ripple-may-announce-ipo-at-upcoming-ripple-swell-in-dubai/
#ripple #IPO #crypto #crypto2023 #cryptonews

Post By: CryptosHeadlines.com

Circle, the firm behind the widely-used USDC stablecoin, is contemplating a public listing by early 2024. This move follows the company’s valuation reaching $9 billion during a previous attempt at an IPO in 2022.

While these plans are still in their initial stages, they underscore Circle’s long-term vision of becoming a publicly traded company in the United States.
Becoming a US-listed public company has been a part of Circle’s strategic goals. A Circle representative stated, “We don’t comment on rumors.”
This decision signals a shift in the company’s strategy, as discussions about an IPO emerge shortly after Circle terminated a merger agreement with Concord Acquisition.
Circle’s Backing and Transparency Ahead of IPO
Circle enjoys substantial financial backing from influential investors like Goldman Sachs, General Catalyst Partners, BlackRock, Fidelity, and Marshall Wace. In a 2022 funding round, they raised approximately $7.7 billion.
As the issuer of the USDC, Circle plays a pivotal role in the crypto sector, facilitating large-scale global transfers of digital assets. To enhance their risk management measures, they recently onboarded a former Goldman Sachs executive.
The path to an IPO is coupled with a strong commitment to transparency. The company plans to regularly release financial reports and has chosen Deloitte as its auditor.
However, Circle’s journey toward becoming a U.S.-listed company may face challenges due to the evolving regulatory landscape surrounding stablecoins in the United States.
Federal Reserve Vice Chair for Supervision, Michael Barr, has recently advocated for regulatory oversight of stablecoin issuers, emphasizing the necessity of U.S. central bank supervision and urging Congress to establish regulatory frameworks expeditiously.
This heightened scrutiny is prompted by concerns about unregulated capital inflows into private digital tokens pegged to fiat currencies, primarily due to apprehensions related to potential money laundering.
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#CryptoMarket #Bitcoin #CryptoNews #Circle #IPO