IPOs of any kind are notable these days, as few IPOs have lasted longer than a year. A crypto IPO is even more ambitious given the regulatory crackdown on the industry. Despite all of this, blockchain development company Chia Network, Inc. says it is preparing to go public.
The company announced on Friday that it has filed the IPO documents with the US Securities and Exchange Commission in confidentiality. But honestly, Chia’s setup is a bit of a head-scratcher, at least at first glance! For one, Chia Network is a blockchain with a cryptocurrency, XCH, already traded on crypto exchanges – so what exactly is the business going public?
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