According to Foresight News, Chia Network, an energy-saving blockchain and smart trading platform, announced that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) regarding a proposed initial public offering (IPO) of its common stock. The size and price range of the proposed offering have not yet been determined. The IPO is expected to begin after the SEC completes the review process, depending on market and other conditions.