April 30th, 2025
SEC Crypto News - Page 115
Fidelity Launches New Bitcoin Index Fund for Institutional Investors
By Bhushan Akolkar
August 27th, 2020
Fidelity aims to foray deep into the crypto market as the company files for a new Bitcoin-only fund for accredited and institutional players. The investment giant also published a survey showing rising institutional participation in the crypto market.
Blank-Check Company Backed by Paul Ryan Files for $300 Million IPO
By Tolu Ajiboye
August 25th, 2020
Paul Ryan will become the chairman of ENPC’s board after its IPO. The company is going to raise $300 million at the offering.
Asana Files for Direct Listing, It Is to Join New York Stock Exchange
By Teuta Franjkovic
August 25th, 2020
Work management platform Asana has filed for a direct listing on the NYSE. Meanwhile, the company’s FY20 revenue was $142.6M, up to 86% Y/Y. The net loss was $118.6M, up from the prior year’s $50.9M.
Epic Games Rival Unity Software Files for IPO on NYSE
By Tolu Ajiboye
August 25th, 2020
Unity is one of the top software companies in the world. In the SEC filing for an IPO, the company estimated that more than half of the top mobile games on the Apple App Store and Google’s Play Store in 2019 were built with Unity.
World’s Largest Hospitality Company Airbnb Confidentially Files for IPO
By Darya Rudz
August 20th, 2020
Airbnb’s decision to go public comes at a time when U.S. capital markets are in the middle of a stunning recovery. Many believe that 2020 is one of the best years for public market debuts in decades.
SpaceX Raises $1.9 Billion in Its Biggest Funding Round to Date
By Darya Rudz
August 19th, 2020
The funding comes at a time when SpaceX focuses on building out its Starlink satellite constellation to offer broadband internet commercially by the end of 2020.
iQIYI (IQ) Shares Drop 18% Following Fraud Investigation by SEC
By Godfrey Benjamin
August 14th, 2020
The shares of iQIYI plummeted on Thursday and the after-hours trading following a fraud investigation by the SEC into the Baidu-backed firm.
BigCommerce Increases IPO Price Range to $21-23 per Share, Plans to Raise Nearly $200 Million
By Tolu Ajiboye
August 4th, 2020
BigCommerce hopes to raise almost $200 million from its IPO, announcing a new price range that will be between $21 and $23 per share.
Crypto and Blockchain Firm Diginex Set to List on Nasdaq via Reverse Merger after Acquiring 8i
By Steve Muchoki
July 30th, 2020
Crypto and blockchain solutions firm Diginex is set to list on Nasdaq via a reverse merger deal. Diginex is also said to have partnered with institutional investors, corporations, and governments to ensure further digital adoption.
Grayscale Investments’ Crypto Assets under Management Increase by $1 Billion in Less Than 2 Weeks
By Chuks Chukwuka
July 29th, 2020
According to a statement on the firm’s Twitter account on July 28, Grayscale currently has $5.1 billion in crypto funds under management.
Chinese Electric Vehicle Manufacturer Li Auto Set to Raise Up to $950 Million in IPO
By Godfrey Benjamin
July 26th, 2020
Li Auto, a Chinese electric car manufacturing company, is going to raise up to $950 million in an IPO. The funds will be allocated for the company’s research.
Hester Peirce Declares Displeasure with SEC Actions against Telegram
By Tolu Ajiboye
July 22nd, 2020
Peirce revealed her disapproval of the earlier SEC actions against the 2018 Telegram ICO. The action caused Telegram to abandon its TON blockchain project.
Ripple CEO Brad Garlinghouse Believes China Is Ahead of U.S. in Digital Asset Industry
By Chuks Chukwuka
July 20th, 2020
Brad Garlinghouse, Ripple CEO, at the Parallel Summit on July 17 expressed his opinion about the digital currency industry. He stated that China is a leader of it and admitted that he is awed by China’s approach.
GoHealth Sets IPO Price as Company Expects to Raise $750 Million
By Tolu Ajiboye
July 14th, 2020
GoHealth has announced its IPO for Wednesday and has set a price range of $18 to $20 per share. The company wants to list its Class A common stock on the Nasdaq with the ticker symbol “GOCO”.
BigCommerce Files for IPO with U.S. SEC
By Bhushan Akolkar
July 14th, 2020
With accelerated growth during Q1 2020, BigCommerce is looking to tap into the opportunity to raise public funds. The company’s improving operational health suggests that the timing is good for its IPO.