Crypto Companies Accelerate IPO Plans Amid Favorable U.S. Market Conditions

Digital asset firms are fast-tracking their initial public offerings to capitalize on bullish market sentiment ahead of the U.S. Labor Day holiday. Gemini Space Station Inc., led by the Winklevoss twins, and blockchain lender Figure Technology Solutions Inc. are among those preparing listings, according to a Bloomberg report.

Wall Street banks estimate a $15 billion pipeline of crypto-related IPOs could launch before September. The successful debut of Circle Internet Group Inc., which more than doubled post-listing, has bolstered confidence in the sector after earlier trade policy concerns caused delays.

"We're seeing tech players compress timelines," said Will Connolly of Goldman Sachs, noting some companies originally targeting late 2024 or early 2025 are now exploring accelerated options. JPMorgan's Keith Canton predicts dozens of offerings may price before year-end, potentially marking one of the busiest IPO seasons for crypto enterprises.