The process of ‘going public’ for any firm or entity can be best described as the pinnacle of success, an achievement that requires more capital to remain successful. Now, an IPO-based company in the digital asset field is a rare sight, but a DCG IPO might have the potential to prosper, if it ever decides to go public.
Messari’s Jack Purdy recently[1] expanded on some of the financial statistics that make a DCG IPO an extremely attractive proposition. Founded in 2015 by Barry Silbert[2], DCG acts as the holding organization for Genesis Global Trading and the more popular Grayscale Investments LLC. Additionally, DCG also owns one of the world’s largest crypto-media platforms and the retail exchange Luno.
Now, according to the report, DCG generates over $50 million in revenue for Genesis Global Trading, and close to $125 million from Grayscale annually, exclusive of the other two aforementioned entities. The report added,
“On top of that, DCG also has a sizeable investment arm, consisting of both liquid and VC investments that would bring their total valuation to around $4.3 billion.”
$4.3 billion. A meaty valuation that would make anyone purr, but there are plenty more reasons for a DCG IPO to potentially unfold in the future. Here’s how,
An IPO Game requires Effective ‘Underwriting’
Although it isn’t rocket science, the IPO[3] process is not exactly child’s play. A DCG IPO for investors would require a process called underwriting, which is carried out by underwriters. Now, in the traditional market, underwriters are basically an investment firm that bridges the middle ground between the company and the public. The underwriters would raise capital through debt or equity, and once regulatory authorities approve the deal, the organization goes public.
Simple, right? Well, not
