A reminder for those living under a rock: the market for crypto IPOs has heated up, says Emily Mason. Circle’s stock has jumped 397% since its debut, and names like Figure, Bullish, Gemini, and BitGo are waiting in the wings. They’re different businesses, but they’re all tethered to the same force: crypto sentiment. That wasn’t supposed to happen this fast. Back in April, President Donald Trump’s tariffs put the broader IPO market on ice. Klarna paused. Stubhub stepped back. Crypto names didn’t. They pressed ahead, powered by record Bitcoin prices, a crypto-friendly White House, and investors eager to buy growth again.
Originally published at Bloomberg on August 5, 2025
Frequently Asked Questions (FAQ)
Crypto IPOs
Q: What is a crypto IPO?
A: A crypto IPO refers to an Initial Public Offering by a company whose primary business operations are related to the cryptocurrency industry. This allows investors to buy shares in these companies on traditional stock exchanges.
Q: Which companies are currently seeing interest in their crypto IPOs?
A: Companies like Circle have already debuted with significant stock growth. Other notable names mentioned as waiting in the wings for their IPOs include Figure, Bullish, Gemini, and BitGo.
Q: What factors are driving the increased activity in crypto IPOs?
A: The surge in crypto IPOs is attributed to several factors, including record Bitcoin prices, a generally crypto-friendly political environment, and a renewed investor appetite for growth-oriented companies.
Q: How does the broader IPO market affect crypto IPOs?
A: Events that put the broader IPO market on ice, such as geopolitical events or economic policy changes like tariffs, can also influence the crypto IPO market, although the article suggests crypto companies have pressed forward despite such headwinds.
Crypto Market AI's Take
The resurgence and growth in the crypto IPO market highlight a maturing industry that is increasingly attracting traditional investment vehicles. This trend reflects a broader acceptance of digital assets and blockchain technology. Our platform, AI Crypto Market, leverages advanced AI agents and sophisticated trading bots to navigate these evolving market dynamics. We provide AI-driven insights and tools for both institutional and retail investors looking to capitalize on opportunities in the cryptocurrency space, including direct investments in publicly traded crypto-related companies. Understanding the factors influencing these IPOs, such as regulatory sentiment and market performance of major cryptocurrencies like Bitcoin, is crucial for strategic investment.
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