Amber Group’s Nasdaq Listing Sparks Potential IPO Surge for Crypto Firms
Amber Group's listing on Nasdaq marks a significant step for crypto companies, according to Paul Veradittakit from Pantera Capital. Key points include:
- Amber International listed on March 13.
- Public listings will attract institutional investors and bring in needed capital.
- Ten companies from Pantera's portfolio are considering going public.
- Circle, issuer of the USDC stablecoin, has filed for an IPO on the NYSE.
- Supportive U.S. regulations are favorable for crypto IPOs.
- Amber's CEO noted the synergy between U.S. liquidity and Asian innovation.
- Amber plans to use funds from the listing for international expansion and institutional services.
- The company's shares closed at $11.38, with a market cap of approximately $1 billion.
Veradittakit anticipates more U.S. crypto companies will follow suit, highlighting a collaborative future for the crypto market.