Market Timing and Crypto Tailwinds
The IPO lands during a renewed wave of investor enthusiasm for crypto assets, spurred by expectations of pro-crypto regulation under a potential Trump presidency and Congressional support for stablecoin legislation pegged to the U.S. dollar.
Momentum from recent digital asset IPOs—like Circle Internet Group Inc., whose shares more than doubled after its own $1.05 billion public debut—has only added fuel to the fire.
Legal and Market Heavyweights Back the Deal
Strategy is represented by Latham & Watkins LLP, while Davis Polk & Wardwell LLP advises the placement agents on the transaction. The deal structure and legal coordination signal the company’s confidence in navigating both market appetite and regulatory scrutiny.
