Crypto-Friendly Silvergate Bank Goes Public on New York Stock Exchange
Silvergate is seeking as much as $65 million with its IPO debut on the New York Stock Exchange Thursday.
Last week’s settlement price of $303 per share would make Coinbase bigger than NYSE-owner ICE.
The stock jumped by more than 13% after news that Blue Ridge would let customers buy bitcoin through its ATMs.
While these moves seem opportunistic at first glance, some of the companies are well-positioned to get involved in bitcoin mining.
Anthony Albanese will become chief regulatory officer for the tech ventures giant in November.
The New York Stock Exchange may now allow some companies to raise capital via direct listings rather than IPOs.