Bloomberg: IPOX® Founder Josef Schuster Discusses Crypto Sector Challenges in the IPO Market

A recent Bloomberg article highlights the challenging environment for new US listings, reporting that returns from IPOs raising more than $50 million have fallen by an average of 5.3% this quarter. The cryptocurrency sector has been particularly impacted by the recent market crash, with five crypto companies that went public this year down an average of 31%. This volatility has created a higher barrier for upcoming listings such as Grayscale Investments Inc. and BitGo Holdings Inc.

IPOX® Founder Josef Schuster provided analysis on the current sentiment regarding crypto listings. As the market faces headwinds, Schuster notes that while companies may not necessarily postpone their debuts, they may be forced to recalibrate their valuation targets to attract cautious investors.

"Crypto will probably be the least favored sector given investors have suffered a lot of losses."

He further added that companies may not be forced to hold off from listing in December, but "they may have to lower their pricing expectations."

Read the full article by Anthony Hughes on Bloomberg: Crypto Crash Weighs on US IPOs as Candidates Push Out Timing