According to Bloomberg, informed sources reveal that Genesis Digital Assets is considering an initial public offering (IPO) in the United States as the cryptocurrency industry’s recovery accelerates. The company is expected to seek financing before its potential listing as early as in the coming weeks.
Sources familiar with the matter indicate that the cryptocurrency mining firm is collaborating with advisors on the potential IPO. Investors in the company include Alameda Research, the former hedge fund of Sam Bankman-Fried. Due to the information not being public yet, the sources have requested anonymity.
Tags: Alameda Research, IPO, listing, financing