Grayscale Investments, the world’s digital asset-focused investment platform, announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its Class A common stock. Grayscale Investments has “applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol ‘GRAY.’”
As confirmed in the announcement from the digital assets firm, the number of shares to be offered and the price range for the proposed offering have ‘not yet been determined.”
As noted in the update from Grayscale Investments, the proposed offering is now said to be subject to market conditions, and there “can be no assurance as to whether or when the offering may be completed or as to the actual size or other terms of the offering.”
Morgan Stanley, BofA Securities, Jefferies, and Cantor are “acting as lead managing bookrunners.”
Wells Fargo Securities, Canaccord Genuity, Piper Sandler, Keefe, Bruyette & Woods, A Stifel Company, and Needham & Company are “acting as additional book-running managers.”
The Benchmark Company and Compass Point are “acting as co-managers.”
A registration statement relating to these securities has reportedly been filed with the SEC but has “not yet become effective.”
As covered, Grayscale Investments serves as the world’s digital asset-focused investment platform, with apprx. $35 billion in assets under management.
Their mission is to make digital asset investing “simpler and open to all investors.”
Established back in 2013, Grayscale claims that it has “been at the forefront of bringing digital assets into the mainstream.
The firm has introduced various Bitcoin and Ethereum investment vehicles. With a track record of active industry involvement, Grayscale explains that it currently offers over 40 different products—”spanning ETFs, private funds, and diversified strategies—covering over 45 tokens across the digital asset spectrum.”
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