Group 1 - The article discusses the potential for investors to position themselves in undervalued stocks that are mispriced by the market as of January [1] - Stone Fox Capital, based in Oklahoma, is led by Mark Holder, a CPA with 30 years of investing experience, including 15 years as a portfolio manager [2] - The investing group "Out Fox The Street" provides stock picks, deep research, model portfolios, daily updates, real-time alerts, and community chat for investors [2] Group 2 - The article emphasizes the importance of conducting personal research or consulting a financial advisor before making investment decisions [4] - It highlights that past performance is not indicative of future results and that no specific investment recommendations are provided [5]

Group 1: Company Overview - Ledger, a crypto hardware wallet manufacturer, is preparing for a U.S. initial public offering (IPO) that could value the company at over $4 billion, highlighting the growing importance of crypto custody for institutional investors [1] - The IPO plans involve leading financial institutions such as Goldman Sachs, Jefferies, and Barclays, with potential execution as early as this year, although timelines may change [1] Group 2: Market Context - The New York Stock Exchange listing plan positions Ledger among several crypto firms seeking U.S. listings, benefiting from a more favorable regulatory environment under President Donald Trump, who aims to establish America as a hub for digital asset innovation [2] - BitGo recently listed on the New York Stock Exchange, raising up to $213 million at a nearly $2 billion valuation, marking a significant event in the crypto IPO landscape [2] Group 3: Market Conditions and Predictions - The outlook for crypto IPOs is mixed, with some stocks experiencing declines despite major stock indices nearing all-time highs, indicating volatility in the crypto market [3] - Predictions suggest that if macroeconomic conditions tighten in 2026, crypto IPOs may face challenges in both uptake and post-listing price appreciation [4] - Bitcoin is currently trading at $89,147, down 6.6% over the past week, with the total crypto market cap above $3 trillion, reflecting a slight decline [4] Group 4: Industry Trends - The theme of custody is becoming increasingly significant across major jurisdictions, aligning with Ledger's core business, as tighter custody regulations and rising institutional interest in virtual assets could enhance demand for Ledger's services [5]

The crypto infrastructure firm raised $212.8 million through the sale of about 11.8 million shares. ...

Company Overview - BitGo achieved a valuation of $2.59 billion after its stock opened 24.6% higher at $22.43 per share, surpassing the $18 offer price in its New York debut [1] - The company sold 11.8 million shares, raising $212.8 million, with the offering price exceeding the marketed range of $15 to $17 [2] - BitGo is positioned as a profitable and regulated "digital asset infrastructure company," which may insulate it from daily price fluctuations of cryptocurrencies [5] Market Context - BitGo's IPO is seen as a significant indicator of market appetite for crypto listings in 2026, following a period of low activity in the sector [3] - The crypto market has faced volatility, particularly after a selloff in the fourth quarter of 2025, with Bitcoin experiencing a 6.4% decline for the year [4] - A more favorable regulatory environment under the Trump administration has encouraged crypto-linked businesses to pursue capital markets [3] Regulatory Developments - BitGo received approval from a top U.S. banking regulator to convert its state trust bank charter to a national charter, enabling nationwide operations [6]

Crypto wallet and custody provider BitGo filed for its U.S. initial public offering on Monday, seeking to raise as much as $200 million in an offering that could value the firm as high as nearly $2 billion.  The Palo Alto, California-based firm intends to offer around 11.8 million shares of Class A common stock at $15-17 per share, according to the filing. Shares will trade under the BTGO ticker via the New York Stock Exchange. “Since our founding, BitGo has been nothing if not transparent. All of our role ...

Kraken reportedly aims to list its shares on a US stock exchange as early as Q1 2026, joining Coinbase, Gemini, and Bullish on public markets. While Bitcoin and major altcoins trade sideways, money continues to flow into crypto equities and mergers, with $8.6 billion in crypto M&A deals recorded in 2025. This shift suggests that while token prices are cooling off, the business side of crypto is heating up again. (Source – CoinGecko, Kraken) While the Q1 2026 window is the goal for the Kraken IPO, the re ...

HashKey Holdings will list on the Hong Kong Stock Exchange. Credit: Simon Jankowski/NurPhoto via Getty Images. Key Takeaways HashKey Holdings could debut on the Hong Kong Stock Exchange as soon as this month. The crypto exchange operator is looking to raise at least $200 million in its IPO. HashKey is expected to become one of Hong Kong’s most valuable listed crypto companies. HashKey Holdings is preparing to start taking investor orders for its initial public offering (IPO) on the Hong Kong Stock ...

Core Insights - Grayscale Investments has filed for an IPO, marking a significant move for a crypto-native asset manager in 2023 [1][2] - The filing indicates a shift from private ownership to a public listing, with the company managing tens of billions in crypto assets [2][4] - The IPO reflects a more favorable regulatory environment for crypto asset managers in the US [4] Company Developments - Grayscale submitted a confidential IPO draft to the US Securities and Exchange Commission on November 13 [1] - The company manages multiple trusts and ETFs, including a flagship Bitcoin product, and the offering will depend on market conditions and regulatory approvals [2][4] - The firm had previously filed a confidential draft S-1 in July, and the recent confirmation suggests an acceleration of its plans [3] Market Context - Industry analysts project Grayscale's valuation to range from $30 billion to $33 billion [4] - The conversion of Grayscale's Bitcoin trust into a spot ETF has boosted institutional inflows and enhanced its public-market profile [4] - The IPO filing adds to a trend of crypto-sector listings, with Grayscale's scale making it the most closely watched among recent filings [6] Future Outlook - Market analysts expect the earliest listing window for Grayscale to be between late 2025 and early 2026 [3] - Investors are anticipated to look for formal S-1 details and regulatory feedback in the coming months [6] - Major hurdles remain, particularly regarding parent-company exposure through Digital Currency Group, which may influence investor sentiment [5]

Core Insights - Ripple Labs attempted to buy back $1 billion worth of shares at a valuation of $40 billion, up from $28 billion in June, but faced low participation rates from shareholders [1][2] - The surge in valuations reflects ongoing public market enthusiasm for crypto companies, despite fluctuations in cryptocurrency prices [2][3] - The crypto industry has seen significant IPO activity, with companies like Circle achieving substantial market caps and driving investor interest in pre-IPO stakes [5][6] Ripple Labs - Ripple's buyback attempt in September was unsuccessful, indicating a reluctance among shareholders to sell their stakes in promising companies [1][2] - The company's valuation increase to $40 billion suggests strong market confidence in its future prospects [1] Market Trends - The crypto market is experiencing a valuation frenzy, with several companies going public and analysts predicting further growth [3][4] - Institutional adoption and regulatory changes under the current administration are contributing to this bullish sentiment [4] IPO Performance - Circle's IPO in June was a significant success, with its stock price increasing by 93% in the first week and 300% from its listing price, leading to a market cap of $27 billion [5] - Other crypto companies like Bullish and Gemini have had mixed IPO results, but investor enthusiasm remains high for pre-IPO opportunities [6][7]

Core Insights - Blockchain.com is considering a US public listing through a SPAC deal, with Cohen & Company Capital Markets engaged as an advisor, though the status of discussions remains unclear [1][2] Company Developments - Since August 2021, Blockchain.com has aimed for a public offering, raising funds at various valuations, including $120 million in February 2021 and $300 million at a $5.2 billion valuation in March, peaking at $14 billion before adjusting to $7 billion after a $110 million raise in November 2023 [3] - To prepare for its public debut, Blockchain.com has expanded its leadership team, appointing Justin Evans as CFO and Mike Wilcox as COO, and adding Timothy Flynn and Landon Edmond to its board to enhance governance and regulatory expertise [4] Industry Trends - There is a strong momentum for public listings in the crypto sector, with firms like Circle, Bullish, and Gemini successfully going public in 2025 [5] - Blockchain.com has recently expanded its services into Africa, indicating its readiness for a public transition, which may occur this year or in 2026 [5][6] - The push for public listings by crypto firms suggests increasing investor confidence and regulatory clarity for US digital assets [6]