NYSE listings chief anticipates crypto IPO surge

Chris Taylor, vice president of listings and services at the New York Stock Exchange, expects a stronger IPO market this year, with growing interest from cryptocurrency companies seeking to list on the exchange .

Speaking at the Reuters Global Markets Forum in Davos, Taylor projected steady growth in NYSE IPOs compared to 2024.

Taylor expressed optimism about potential regulatory changes under the SEC’s new leadership, which he hopes will result in more public markets-friendly policies.

He noted that cryptocurrency companies are increasingly exploring opportunities to list on the NYSE, signaling their growing involvement in traditional financial markets.

Taylor also pointed out changing trends in the special purpose acquisition company market, where investors have begun to pay more attention to sponsors. These trends, he said, are consistent with the NYSE’s broader expectations for increased public offerings in 2024 and beyond.

Cryptocurrency IPOs

Kraken would have been sought to raise $100 million ahead of its planned IPO, with sources suggesting the funding round could close by the end of the year.

Other US-based cryptocurrency companies have also recently held IPOs. Stablecoin issuer Circle filed for an IPO earlier this year, while Telegram, a blockchain-affiliated social network, is preparing for its own public debut.