Crypto custody firm Copper is in early talks about a public listing, according to three people with knowledge of the matter. Goldman Sachs, Citi and Deutsche Bank are among the investment banks potentially involved, according to one source. The decision on whether to pursue a listing will hinge on the company’s near-term revenue performance, a second person said, who spoke on condition of anonymity as the matter is private. "As standard practice, Copper regularly assesses a range of potential financing ...

Group 1 - Grayscale Investments Inc. has filed an S-1 form with the SEC for a public listing on the NYSE under the symbol "GRAY" [1] - The IPO will feature two classes of common stock: Class A with one vote per share and economic rights, and Class B with ten votes per share but no economic rights [2] - The number of shares and price range for the IPO have not yet been determined, and the offering is subject to market conditions [2] Group 2 - The end of the US government shutdown has restored normal operations for the cryptocurrency industry, with Grayscale's announcement indicating confidence in the sector's recovery [3] - Grayscale's chief legal officer commented on the SEC's potential handling of S-1 forms post-shutdown, suggesting that they may automatically become effective after 20 days or require further engagement [4]

Group 1 - HashKey Group has filed for an IPO in Hong Kong, aiming to raise up to $500 million and list within this year [1][2] - The move aligns with Hong Kong's regulatory efforts towards digital assets, including the launch of a licensing regime for stablecoin issuers [2] - HashKey has announced plans to launch Asia's largest multi-currency digital asset treasury ecosystem fund, targeting over $500 million in its first phase [2] Group 2 - The company has expanded its global presence, receiving conditional approval from Dubai's VARA and regulatory approvals in Bermuda and Ireland [3] - KPMG predicts Hong Kong will lead global IPO rankings, with nearly 300 active IPO filings as of September 30, marking a historical high [4] - The interest in IPOs from emerging industries like AI and crypto reflects a growing investor appetite for forward-looking investments [5] Group 3 - Following the IPO report, HashKey's native token, HSK, surged 13% to $0.46, indicating increased speculation about growth and token utility [6] - A successful IPO could enhance HSK's visibility among traditional investors and broaden its use cases [6]

Core Viewpoint - Gemini Space Station (NASDAQ: GEMI) experienced a significant stock surge of 14.3% on its IPO debut, contrasting with a slight decline in the S&P 500 and a modest gain in the Nasdaq Composite [1] Group 1: IPO Performance - Gemini raised $425 million in its IPO, initially pricing shares at $28, but opened at $37.01, peaking at $45.89, representing a 63.9% increase before closing at $32 [2][8] - The IPO follows another successful debut of Figure Technology Solutions, indicating a positive trend for crypto-related IPOs [4] Group 2: Company Background - Gemini is backed by the Winklevoss twins, known for their early Bitcoin investments and advocacy for increased regulation in the cryptocurrency space [3] Group 3: Financial Performance - Despite the enthusiasm for its IPO, Gemini reported a net loss of $159 million in 2024, with losses accelerating to $283 million in the first half of the year, raising concerns about its financial health [5]