Davis Polk partner Joe Hall discussed the increasing number of crypto companies looking to go public with The Information.

“The SEC has once again started to treat crypto companies trying to go public like other companies,” Joe explained.

“We have a number of crypto IPOs in the shop right now,” he added. “We are seeing comments being issued [by the SEC] in the normal cadence. We are seeing the SEC getting back to us and whittling comments down round after round. I think you will see a burst of crypto IPOs in the coming months because of this.”

Additionally, Joe noted that some crypto companies considering an IPO are also open to an acquisition, particularly if they can obtain a higher valuation that way than by going public.

“Pro Weekly: EToro Leads Crypto IPO Comeback,” The Information (March 28, 2025) (subscription required) 

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