More than 100 companies are preparing for listing on Nasdaq after filing confidentially with the Securities and Exchange Commission (SEC), according to Nasdaq CEO Adena Friedman, in an interview with investment publication Barron’s.
Barron’s described Friedman’s statement as “startling,” and we couldn’t agree more. If this does come to fruition, it will bring an end to the long drought of tech industry IPOs.
In fact, The Exchange, which delves into the world of startups, markets, and money, has reported that this news could have a ripple effect on all levels of venture capital investment, providing much-needed liquidity.
Of course, the veracity of this information remains to be seen. The source is just as important as the content itself, and considering the nature of confidential filings, it can be challenging to track them. However, Friedman’s insider knowledge may give her a better understanding of the situation than the general public.
At the moment, we have only one confirmed company that has filed confidentially for an IPO: Circle. The issuer of the popular stablecoin USDC has chosen to take the traditional route to the public market, rather than going through a Special Purpose Acquisition Company (SPAC) as it did in the past.
Although there are still some financial questions surrounding Circle’s IPO, this news makes us cautiously optimistic about its chances this time around.
As reported yesterday, stablecoin issuer Circle has filed for an IPO. This time, it looks like they are taking a more traditional route compared to their previous SPAC attempt, which failed. Even with some financial unknowns, this serving more traditional means makes the outcome seem more likely this time around.
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