Grayscale Investments said confidence to submit a draft S-1 registration statement to the US Securities and Exchange Commission (Sec)a filing that plans signals for an initial public offer (IPO).
The asset manager did not disclose the submission details and said the registration was expected to occur after the SEC completed its evaluation process, subject to market and other conditions, according to A Press release.
Confidential files allow companies to organize the SEC behind closed doors before revealing their plans. This is a common tactic for the feedback of the measurement regulation while maintaining the competitive details from the public view until a launch is ready.
Moving adds Grayscale to the number of growing companies that lined up to bring their companies publicly while the digital assets market is eating, including Bitcoin
Hitting new all-time highs.
