TechFlow news, November 13: Grayscale has publicly filed its initial public offering application, becoming the latest cryptocurrency-related company to test the public markets amid increased U.S. government openness toward digital assets. According to documents filed Thursday with the U.S. Securities and Exchange Commission, the crypto asset manager generated $318.7 million in revenue and $203.3 million in net income during the nine months ended September 30. By comparison, it reported $397.9 million in revenue and $223.7 million in net income a year earlier. The company had previously submitted its listing application confidentially in July. With the end of the U.S. government shutdown, IPO activity is expected to accelerate before year-end. Nevertheless, considering required waiting periods and holidays, only a few weeks remain on the 2025 calendar for potential debut listings. Documents show Grayscale currently manages approximately $35 billion in assets and offers over 40 products providing exposure to more than 45 tokens. (Jinshi)
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