Odaily Planet Daily News According to three people familiar with the matter, cryptocurrency broker FalconX has held preliminary talks on an initial public offering (IPO) and may submit an application for listing as early as this year. This move is expected to help the company further meet the growing demand for digital assets from institutional investors.
Sources said that FalconX has held informal talks with bankers and consultants to explore the feasibility of an IPO. As the company accelerates its strategic cooperation and M&A plans to better serve the strong demand for cryptocurrencies from institutional clients, FalconX is considering entering the public market.
At present, FalconX has not hired an investment bank, which is usually the first step in starting the listing process. According to data, FalconX was last valued at $8 billion, which came from a $150 million round of financing completed in 2022. (Decrypt)