IPO

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Major Crypto Mining Company Core Scientific Going Public on Nasdaq With $4.3 Billion Valuation

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Core Scientific, a major blockchain hosting and digital asset mining company, is going public through a merger with Power & Digital Infrastructure Acquisition Corp. The deal values the combined company at approximately $4.3 billion. Core Scientific to List on Nasdaq Core Scientific Holding Co., one of the largest blockchain hosting and digital asset mining companies … Read more

Robinhood Aims for $35 Billion Market Valuation in Upcoming IPO

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An amended prospectus filed yesterday by Robinhood indicates the company is aiming to get a valuation of up to $35 billion in its upcoming IPO. The fee-free options, cryptocurrency, and stock trading service is expecting to sell up to 55 million shares and raise more than $2 billion when the IPO launches next week. Robinhood … Read more

SEC Delays Robinhood IPO Over Questions Concerning the Company’s Crypto Business: Report

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Robinhood Markets Inc., the American financial services company headquartered in Menlo Park, California, has seen its initial public offering (IPO) delayed by the U.S. Securities and Exchange Commission (SEC). According to a report citing “people familiar with the matter” the SEC is questioning Robinhood’s cryptocurrency business. SEC Questions Robinhood’s Crypto Dealings, IPO Delayed Robinhood was … Read more

Kraken Weighs in on IPO After Coinbase’s Lackluster Direct Listing Performance

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Kraken, the US-based exchange, is weighing in on whether to use an IPO or a direct listing to go public. Kraken’s CEO Jesse Powell stated that after Coinbase’s performance, they were considering other options for going public next year. The company will be the second crypto exchange to go public in the US if things … Read more