NYSE listings chief anticipates crypto IPO surge

Chris Taylor, vice president of listings and services at the New York Stock Exchange, anticipates a stronger IPO market this year, with growing interest from cryptocurrency companies seeking public listings. 

Speaking at the Reuters Global Markets Forum in Davos, Taylor projected steady growth in NYSE initial public offerings compared to 2024.

Taylor expressed optimism about potential regulatory changes under the new SEC leadership, which he hopes will result in policies that better support public markets. 

He noted that cryptocurrency firms are increasingly exploring opportunities to list on the NYSE, signaling their expanding involvement in traditional financial markets. 

Taylor also highlighted shifting trends in the special purpose acquisition company market, where investors have begun applying greater scrutiny to sponsors. These trends, he said, align with the NYSE’s broader expectations for an uptick in public offerings in 2024 and beyond.

Crypto IPOs

Kraken reportedly sought to raise $100 million ahead of its planned initial public offering, with sources suggesting the funding round could conclude by year-end. 

Other U.S.-based cryptocurrency companies have also pursued IPOs recently. Stablecoin issuer Circle filed for an IPO earlier this year, while Telegram, a blockchain-affiliated social network, is preparing for its own public debut.