{"id":26991,"date":"2022-05-16T12:41:56","date_gmt":"2022-05-16T16:41:56","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=26991"},"modified":"2022-05-16T12:45:55","modified_gmt":"2022-05-16T16:45:55","slug":"crypto-lending-giant-celsius-hinting-ipo-plan","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-lending-giant-celsius-hinting-ipo-plan\/","title":{"rendered":"Crypto Lending Giant Celsius Hinting IPO Plans?"},"content":{"rendered":"\n
Crypto lender Celsius Network <\/a>hints in a statement on Monday that the company or one of its units may be considering an IPO.<\/h5>\n\n\n\n
\"Crypto<\/figure><\/div>\n\n\n\n

Celsius Mining filed a draft registration statement on a Form S-1 with the Securities and Exchange Commission, according to its news release\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. The statement is currently confidential.<\/p>\n\n\n\n

Form S-1 (IPO) usually indicates a potential initial public offering. Celsius' declaration suggests that the firm or its mining unit may be planning an IPO.<\/p>\n\n\n\n

The business said to release more information by the end of Monday. However, Traders were pleased with the move.<\/p>\n\n\n\n

CEL, Celsius's token, has risen about 20% since the announcement and is presently trading at $0.8335.<\/p>\n\n\n\n

Is Celsius the most recent crypto IPO?<\/strong><\/h3>\n\n\n\n

If the firm's statement is an IPO, then Celsius will join a growing list of significant crypto companies considering a public listing this year. Blockchain.com<\/a> announced plans for the U.S. IPO in 2022 last month.<\/p>\n\n\n\n

Amber Group, a Singapore-based unicorn, is planning an IPO in the United States by early 2023, while Circle, a USDC issuer, will list on the Nasdaq later this year in a $9 billion deal.<\/p>\n\n\n\n

Coinbase, which is listed at over $30 billion in 2021, started the rush for a US IPO.<\/p>\n\n\n\n

Celsius is currently valued at $3 billion as of late-2021. With over $16 billion in assets under control, it is one of the largest players in the crypto lending space.<\/p>\n\n\n\n

The IPO comes amid market turmoil<\/strong><\/h3>\n\n\n\n

While an IPO is likely to draw more cash to the company, Celsius is exploring an IPO at a time when markets are volatile.<\/p>\n\n\n\n

Given the recent drop in cryptocurrency and stock markets, a crypto IPO could be a risky investment for traders. Due to deterioration on all fronts, Coinbase's stock value has plummeted to new lows in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto lender Celsius Network hints in a statement on Monday that the company or one of its units may be considering an IPO. Celsius Mining filed a draft registration statement on a Form S-1 with the Securities and Exchange Commission, according to its news release . The statement is currently confidential. Form S-1 (IPO) usually […]<\/p>\n","protected":false},"author":32,"featured_media":26994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-26991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/celsius.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=26991"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/26994"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=26991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=26991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=26991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}