With a market valuation of more than $24 billion, #Circle , the creator of the USDC stablecoin, is thinking about doing an IPO in 2024.Although the company and advisors have been talking about a possible #IPO , there is no guarantee that they will move through with a listing.In 2022, Circle made an unsuccessful attempt to go public through a blank-check deal. Circle's strategic goal has always been to become a publicly #trading company in the United States, but they have not responded to the IPO rumours. Financial behemoths like Goldman Sachs, Fidelity, and BlackRock are among Circle's investors. In June 2022, the USDC #Stablecoins , which had a market capitalization of almost $56 billion, saw a sharp decrease.

An initial public offering (IPO), also known as an initial purchase offering, is one of the most important milestones in a company’s development. The IPO is the moment when a company becomes publicly available on a stock exchange, and traders can purchase shares of the business. Going public on the stock market is one of the best ways for companies to raise capital and boost their performance. This is also a significant milestone noting the successful growth of a company to the point where its work is of interest to public investors. 

IPOs are a big opportunity for companies, which is why a lot of new companies and start-ups are looking to go public. While the benefits are undeniable, a company can announce an IPO only after successfully completing a rigorous check from the Securities and Exchange Commission (SEC). Before announcing an IPO, companies are considered private, which limits the number of investors that can contribute to the company and own shares. While staying private is beneficial for smaller companies that do not want to be exposed to increased risk, IPOs are extremely beneficial for growing businesses. Traditionally, a company should have reached a private valuation of about one billion dollars before considering an IPO.

One of the most important aspects of an IPO is shares valuation. Before a company can go public, it needs to go through a rigorous due diligence process that evaluates the potential price of a share. When this happens, all shares that had previously been private are converted into public ones. In the months before an IPO, the company focuses its attention on popularizing its activities and attracting more potential investors. This is the time when details about the company and the IPO are shared with the public, aiming to showcase why purchasing shares in the company will be a solid investment. 

Throughout the years, IPOs have been rising and falling in popularity, with the 2008 subprime mortgage crisis being the year with the fewest IPOs announced. Today, in 2021, as the global economy has somewhat recovered, more companies are looking to become publicly traded. When it comes to cryptocurrencies, the initial coin offering (ICO) was designed in the same fashion as an IPO. While an IPO offers shares in a company, an ICO is the first instance when a token becomes available for purchase. As with IPOs, there are ups and downs in the number of ICOs held each year. 

#ico #IPO #googleai #crypto #cryptonews $ETH $SOL $AVAX

Any cryptocurrency or blockchain company looking to raise funds to create an app, service or new coin can use an ICO to raise funds.

It is widely seen as the cryptocurrency world’s answer to initial public offerings (IPOs) — and they were especially popular during the crypto bubble of 2017.

Since then, ICOs have come under fire amid concerns that they can be used by scammers and market manipulators. Some projects have also faced action from the U.S. Securities and Exchange Commission because they were deemed to be unregistered securities sales.

An ICO usually begins with a company launching a whitepaper detailing the project’s goals, how many tokens will be mined, and how they will be distributed. In some cases, investors will be given reduced prices if they purchase tokens early on in a campaign — and it can also be possible to receive discounts if cryptocurrencies are used for a purchase instead of fiat.

Tokens sold through an ICO may offer utility, meaning that the owner can exchange them for access to a certain product or service. In rare cases, they may represent an ownership stake in the start-up that launched the listing.

ICOs have hit headlines in recent years for being very risky investments, and some of them have even been identified as exit scams.

Research by the Review of Financial Studies shows ICOs raked almost $13 billion globally between January 2016 and August 2019. Meanwhile, a report by Ernst & Young found that 86% of leading ICOs that launched in 2017 were below their listing price by October 2018.

Key criticisms of ICOs revolve around the ease by which an ICO can be launched without regulatory oversight — meaning that they often draw in inexperienced investors. Owing to their image problem, initial exchange offerings and security token offerings have become much more popular alternatives in recent years.

The SEC has been known to take action against some projects — including Telegram, which was ordered to return a large sum of the $1.7 billion it raised for the Telegram Open Network back to investors.

In March 2020, under a preliminary injunction issued by the District Court for the Southern District Court of New York, Telegram had to return $1.2 billion to investors on top of a civil penalty worth $18.5 million.

#ICO #SEC #IPO #initialcoinoffering #launchpool $BTC $ETH $BNB

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.

Initial Farm Offering (IFO) is a fundraising model that helps new DeFi projects raise capital by participating in pre-sales events hosted after stern project vetting by decentralized exchanges.

IFO is a successor of the initial coin offering (ICO), a crowdsourcing method used by cryptocurrency projects to raise funds in the early stages. 

Investors can participate in a pre-sale event that is hosted by the DEX, raising the capital necessary for available projects by investing in native tokens. DEX teams usually prepare a proposed list of the most lucrative projects to launch in the farming event. However, it is worth considering that the tokens acquired via IFO have no clear advantage over those raised through other fundraising models. Despite proper scrutiny by the DEX teams, the value of the token can be affected by the market sentiments.

The most common platform for IFO is PancakeSwap, the users of which can benefit directly from the fundraising. These users are entitled to rewards while the owners of new projects can benefit from the liquidity pool offered by the platform. Most of these tokens are community-driven with little to no control by a specific central authority.

There are two common types of IFO events:

Unlimited Sale: By paying a predetermined fee, the user can stake as many BNB and CAKE tokens as they can.

Basic Sale: A defined number of tokens can be staked and the users are not charged a participation fee.

To be part of an IFO, the first step is to set up an account on any of the DEXs that support this feature. Users then stake CAKE or BNB tokens (according to the participation terms) to take part in the IFO. They must provide liquidity for the farming process. By the end of the process, those users are rewarded with such tokens.

The following are some benefits that could be enjoyed by IFO users:

Elimination of the middle-man. Peer-to-peer transactions are stimulated on the IFO platform, allowing users to save money in the long run even if they are novices in the world of crypto.

IFO maximizes the benefits of trading on DEXs, especially for those who are new to crypto. 

Project fundraising is safe via IFO platforms because of the dual-margin intention.

The decentralization keeps all the transactions and activity transparent for users and investors.

Like all other fundraising events, it is better that each user research the one that suits them the best. However, do your own research properly before investing in any token and keep the factor of volatility in mind. The preceding fundraising models, especially ICO, were heavily reliant on VCs, which meant greater time consumption and unreliable gains. However, being relatively new in comparison to ICO and IEO, some users might not be confident about opting for IFO — but the trend of DeFi may tilt the focus of the market towards IFOs.

#IFO #IPO #ICO #IGO #IDO $ETH $BNB $BTC

In a surprising turn of events, Blackrock, the world's largest asset manager, has filed an application for a spot Exchange-Traded Fund (#ETF ). If approved, this move could have far-reaching implications for the #cryptocurrency industry, and potentially signal a new phase in the US government's approach to digital assets.

The application comes amidst a backdrop of increasing tension between the government and crypto-native companies. Critics argue that this is part of a larger strategy, dubbed 'Operation Chokepoint 2.0', aimed at sidelining these companies in favor of traditional financial firms with strong ties to the government.

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The Securities and Exchange Commission's (SEC recent lawsuit against Coinbase, a leading cryptocurrency exchange, has added fuel to this fire. This legal action is particularly noteworthy given that the SEC approved Coinbase's Initial Public Offering (#IPO ) in 2021. Furthermore, the US government has been using Coinbase as a platform to sell Bitcoin, adding another layer of complexity to the situation.

Now, with Blackrock's spot ETF application on the horizon, it appears that Coinbase will be used for custody on the backend. This move has been described as "hilarious" by some observers, given the seemingly contradictory actions of the government and the traditional financial institutions.

Blackrock's involvement in the crypto space is a significant shift from its previous stance. Just six years ago, the firm's CEO, Larry Fink, dismisser' Bitcoin as an "index of money laundering" when

the digital currency was valued at $6,000. Today, with Bitcoin's value soaring, Blackrock has filed for an ETF, a move that could potentially reshape the crypto landscape.

The final line of the original thread encapsulates the situation perfectly: "Everyone gets Bitcoin at the price they deserve." This statement serves as a reminder that the value of Bitcoin, and indeed all cryptocurrencies, is ultimately determined by the market. Regardless of the power plays and regulatory maneuvers, the market will continue to dictate the price of these digital assets.

In conclusion, the unfolding drama between the US government, crypto-native companies, and traditional financial institutions like Blackrock is a testament to the disruptive potential of cryptocurrencies. As these entities vie for control and influence in this burgeoning industry, one thing is clear: the world of crypto is far from predictable.

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