And two Bitcoin mining equipment firms in China are on IPO watch lists, according to Renaissance Capital. The IPO market has been red-hot since last fall as companies rushed to take advantage of the 70% surge in stocks since the March lows. And first-day pops in share prices, a barometer of investor appetite for newly public firms, are among the biggest in decades. “Given current appetite for cryptocurrencies, I expect extremely strong demand for bellwether crypto companies that are already turning a profit." To Mati Greenspan, founder of Quantum Economics, it’s a good environment for crypto firms to consider public debuts.

Source: Mint January 23, 2021 14:31 UTC