‘Frothy Squared’: Crypto firms are lining up to tap market mania - News Summed Up

‘Frothy Squared’: Crypto firms are lining up to tap market mania


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



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