Grayscale officially launches its NYSE listing plan, with the stock ticker symbol set as "GRAY"

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Asset management firm Grayscale Investments recently announced that it has officially filed for a listing of its Class A common shares on the New York Stock Exchange. According to the filing, Grayscale will use “GRAY” as its stock trading symbol, becoming one of the first crypto asset management companies to list on a major exchange.

Grayscale IPO Supported by Top Global Investment Banks

The IPO underwriting team is strong, with Morgan Stanley, Bank of America Securities, Jefferies, and Cantor acting as lead underwriters, responsible for leading this significant listing. This lineup represents the top tier of Wall Street investment banks, highlighting Grayscale’s important position in the asset management industry.

In addition, Wells Fargo Securities, Canaccord Genuity, Piper Sandler, Keefe, Bruyette & Woods (a Stifel subsidiary), and Needham & Company are also participating as underwriters. Benchmark Company and Compass Point serve as co-managers. The extensive underwriting team demonstrates the market’s high level of interest in Grayscale’s upcoming listing.

Offering Details and Future Developments

According to the IPO registration documents, the specific number of shares to be issued and the price range are still being determined and will be adjusted based on market conditions. This means there will be more opportunities for the market to observe this project before the official pricing. As a globally recognized crypto asset management platform, Grayscale’s successful move to go public is expected to further enhance the recognition of crypto assets within traditional financial markets.

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