TechFlow News, May 29: According to CoinDesk, cryptocurrency trading firm FalconX has confidentially filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) and engaged investment banks including Cantor to prepare for its initial public offering (IPO). Sources familiar with the matter said that, due to market conditions, FalconX’s IPO is expected to occur as early as later this year.
FalconX was founded in 2018 and primarily provides institutional clients—including hedge funds, asset management firms, and market makers—with digital asset prime brokerage, trade execution, liquidity access, credit, and clearing services. In 2022, the company raised $150 million in its Series D funding round, achieving an $8 billion valuation.
