GRAY News & Events

Grayscale Investments has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock. Grayscale Investments has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol "GRAY." The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or other terms of the offering. Morgan Stanley, BofA Securities, Jefferies, and Cantor are acting as lead managing bookrunners. Wells Fargo Securities, Canaccord Genuity, Piper Sandler, Keefe, Bruyette & Woods, A Stifel Company, and Needham & Company are acting as additional book-running managers. The Benchmark Company and Compass Point are acting as co-managers.

Grayscale Investments filed a prospectus for an initial public offering on the New York Stock Exchange under the ticker symbol "GRAY." Morgan Stanley, BofA Securities, Jefferies and Cantor are serving as the lead underwriters. Grayscale says it is the largest digital asset-focused investment platform in the world, with $35B in assets under management as of September 30. "Our mission is to make digital asset investing simple and open to every investor. Founded in 2013, we have pioneered regulated access to the digital asset class. Our platform spans the full spectrum of institutional-grade solutions, providing investors with the broadest and most diverse suite of digital asset-focused investment products in the United States based on number of products," the company added.