🇺🇸 UPDATE: Blockchain[dot]com aims for a US stock listing via SPAC, per reports. https://t.co/uLDf2PNTTO ...

Core Insights - The cryptocurrency industry is experiencing a surge in public listings, with Blockchain.com negotiating a potential SPAC deal to go public in the U.S. [1][2] - Blockchain.com has seen significant fluctuations in its valuation due to market volatility, with a peak valuation of $14 billion in 2022 and a current valuation of $7 billion as of November 2023 [2] - The company is expanding its operations into several African countries, including Ghana, Kenya, and South Africa [3] Group 1 - Blockchain.com is in discussions for a potential SPAC transaction, having appointed Cohen & Company Capital Markets as an advisor [1] - The SPAC process allows companies to raise funds through an IPO and acquire a target company to achieve indirect listing within 18-24 months [1] - Other cryptocurrency companies, such as Circle, Bullish, and Gemini, have also gone public this year, with Kraken planning to list in early 2024 [2] Group 2 - Blockchain.com raised $300 million in March 2021, achieving a post-money valuation of $5.2 billion, which increased to $14 billion in subsequent funding rounds [2] - The company has appointed experienced executives, including Justin Evans as CFO and Mike Wilcox as COO, signaling readiness for a public listing [2] - Evans indicated that the exchange is taking necessary steps to become a public company, contingent on favorable market conditions [2]

Funding & Investment - Evernorth SPAC, backed by Ripple veterans and crypto heavyweights, aims to raise $1 billion [1] - The goal is to build the largest public XRP treasury [1]

🚨SCOOP: https://t.co/Rxsuh0LPfX has held talks to go public via a SPAC and is being Advised by Cohen & Co. Previously the crypto giant's valuation swung from $5.2B to $14B. Will it join Circle & Gemini in going public?By @willcanny99https://t.co/ITOV6A8DYC ...

Core Insights - Despite the government shutdown, IPO activity remained robust with six companies going public last week, including two direct listings [1][8] - The IPOs included companies from various sectors, such as technology, logistics, and professional services, with varying market capitalizations and performance on their first trading days [4][5] Group 1: IPO Activity - TechCreate Group (TCGL) priced its IPO at the lower end of the range, raising $10 million with a market cap of $80 million, focusing on real-time payment systems in Southeast Asia [1] - Republic Power Group (RPGL) also priced at the bottom of its range, raising $8 million with a market cap of $69 million, providing custom software development services [1] - Acco Group Holdings (ACCL) raised $6 million with a market cap of $56 million, primarily offering corporate secretarial and accounting services in Hong Kong and Singapore [2] - Smart Logistics Global (SLGB) raised $5 million with a market cap of $205 million, focusing on B2B logistics solutions in China [2] - Aptera Motors (SEV) completed a direct listing, focusing on solar electric vehicles, but saw a significant drop of 86% from its reference price [3] - OBOOK Holdings (OWLS) also completed a direct listing, focusing on blockchain solutions, and experienced a 295% increase from its reference price [3] Group 2: Upcoming Filings - Two companies submitted initial filings: Cardinal Infrastructure Group (CDNL) seeking $100 million and Gloo Holdings (GLOO) also seeking $100 million [5] - Nine SPACs filed for initial public offerings, with notable targets including technology, financial services, and sports sectors, seeking amounts ranging from $50 million to $260 million [6][7] Group 3: Market Trends - The SEC's new guidelines are expected to encourage more IPOs, with companies like Navan, Exzeo, and BETA Technologies planning to list in late October or early November [8]

🚨 RIPPLE PLANS $1B $XRP TREASURY?!The company reportedly aims to bulk up XRP holdings via a SPAC while integrating GTreasury - Details👇https://t.co/aMnCWNoieW ...

Company Strategy - Ripple plans to establish a $1 billion XRP treasury [1] - The company aims to increase XRP holdings through a SPAC (Special Purpose Acquisition Company) [1] - Ripple is integrating GTreasury [1]

Funding & Strategy - Ripple Labs 将通过 SPAC 方式主导 10 亿美元的融资 [1] - 融资将用于启动一个专注于 XRP 的数字资产金库 [1]

Fundraising Initiative - Ripple Labs 正在牵头一项至少 10 亿美元（$1 billion）的融资计划 [1] - 资金将通过 SPAC（特殊目的收购公司）筹集 [1] - Ripple 将贡献一部分自己的 XRP 到资金池 [1] Digital Asset Treasury - 目标是建立一个新的数字资产资金池，用于积累 XRP [1]

Core Insights - Despite the U.S. government shutdown, the IPO market remains active with 6 companies completing IPOs and 2 SPACs listing, alongside 13 IPOs and 5 SPACs filing initial applications [1] IPO Companies Summary - **Alliance Laundry Holdings (ALH)**: A leading manufacturer of commercial washing machines with a 40% market share in North America, raised $826 million at a valuation of $4.485 billion, closing up 14% this week [1] - **Phoenix Education Partners (PXED)**: Provides post-secondary education services, including the University of Phoenix, raised $136 million at a valuation of $1.319 billion, closing up 13% this week [1] - **PomDoctor (POM)**: An online platform in China for chronic disease management, raised $20 million at a valuation of $474 million, closing up 9% this week [1] - **One and One Green Tech (YDDL)**: A waste recycling company in the Philippines, raised $10 million at a valuation of $270 million, closing up 31% this week [1] - **Leifras (LFS)**: Offers sports classes for children in Japan, raised $5 million at a valuation of $10.5 million, closing down 5% this week [1] - **Turn Therapeutics (TTRX)**: Focuses on wound and dermatology products, utilized a direct listing method, closing down 26% from an opening price of $10 [1] SPAC Companies Summary - **GigCapital8 (GIWWU)**: Raised $220 million [2] - **Lake Superior Acquisition (LKSPU)**: Raised $100 million, targeting sectors such as energy storage, social media, and consumer staples [2]