ipo

According to CoinDesk, SoftBank-backed Japan's largest cashless payment provider PayPay is seeking to raise up to $1.1 billion in a Nasdaq IPO, with a company valuation expected to exceed $10 billion.PayPay plans to issue 55 million American depositary shares at a price of $17 to $20 per share, with the stock ticker "PAYP." The offering was originally scheduled to launch on Monday but was postponed due to global market turmoil triggered by the weekend's Middle East conflict. PayPay currently has over 70 million registered users, dominating Japan's smartphone payment market.In October last year, PayPay acquired a 40% stake in Binance Japan and established a capital and business alliance with Binance Japan, aiming to connect digital payments with cryptocurrencies, allowing Binance Japan users to fund purchases and withdraw earnings through PayPay Money. PayPay was founded in 2018 as a joint venture between SoftBank's telecom subsidiary and Yahoo Japan.

SpaceX is preparing to submit a confidential IPO application to the U.S. SEC as early as March, aiming for a June listing, with a valuation potentially exceeding $1.75 trillion and a fundraising target of up to $50 billion, which could break the $29 billion IPO record set by Saudi Aramco in 2019.On-chain data shows that SpaceX currently holds approximately 8,285 bitcoins through Coinbase Prime, with a market value of about $545 million at current prices. Compared to last December when bitcoin was around $92,500, corresponding to a market value of about $780 million, the value has shrunk by approximately $235 million over three months. If the IPO is successful, SpaceX will disclose the unrealized gains or losses related to bitcoin in its S-1 filing and subsequent financial reports, facing similar volatility risks and public scrutiny regarding crypto assets as Tesla. Historical data indicates that SpaceX's bitcoin holdings have experienced a significant pullback since reaching nearly $2 billion at their peak in 2021, with the market value fluctuating mainly between $400 million and $800 million over the past two years, during which no significant selling has been observed.

According to CoinDesk, on-chain data platform Arkham Intelligence shows that SpaceX currently holds approximately 8,285 bitcoins in its Coinbase Prime custody account, valued at about $545 million at the latest prices, down about $235 million from an estimated $780 million three months ago. During this period, the company did not reduce its holdings.SpaceX plans to submit a confidential IPO application to the U.S. Securities and Exchange Commission (SEC) as early as March, aiming for a June listing, with a valuation potentially exceeding $1.75 trillion and a fundraising target of up to $50 billion. If successful, it would break the $29 billion IPO record set by Saudi Aramco in 2019.Data shows that the company's bitcoin holdings have remained around 8,300 since early 2026, but the book value has fluctuated significantly due to the BTC price correction. At the end of 2021, its BTC holdings peaked at nearly $2 billion, followed by a decline during the 2022 bear market, fluctuating between $400 million and $800 million over the past two years.Market participants point out that once the S-1 filing is submitted, SpaceX will need to disclose its exposure to related crypto assets, and future financial reports may reflect the book profit and loss risks arising from bitcoin price fluctuations. Previously, Tesla had drawn market attention multiple times due to similar book value fluctuations. However, on-chain data does not indicate that SpaceX has engaged in active trading; unlike Tesla, which has conducted buy and sell operations, SpaceX appears to prefer a long-term holding strategy.

According to Ju.com, the Spring Festival "Ten Consecutive Releases" mainstream coin with an 80% discount for the 8th phase of ETH has concluded on February 28 at 16:00. This phase saw participation from 11,000 people, with a total investment of approximately $42,000,000, exceeding the target by 540%, and the USDT pool was oversubscribed by nearly 700%. After the subscription assets are settled, there is no lock-up period, and the funds will be available as spot, allowing for immediate selling or withdrawal.The 9th phase dedicated to SOL will return and officially launch on March 1 at 16:00. Users can participate in the subscription at an 80% discount using USDT/BTC/ETH/SOL/BNB/JU, with no participation threshold. Future projects to be launched by Ju.com will be announced separately based on market conditions and user demand, so please refer to the official announcements.In addition to the 80% discount benefits, users participating in the new subscription can receive bonuses and contract experience gold rewards, as well as a chance to win prizes in a lottery, including 88g gold bars, iPhone 17, and other physical prizes; inviting friends to successfully participate can earn up to a 5% reward in new subscription tokens. For more details, please pay attention to the official announcement from Ju.com and the event page.

According to Bloomberg, sources say that SpaceX plans to file a confidential submission to the U.S. SEC as early as March 2026, potentially paving the way for an IPO in June; the IPO valuation could exceed $1.75 trillion, with fundraising possibly reaching $50 billion, and details may still be adjusted.

Ju.com Spring Festival "Ten Consecutive Releases" Mainstream Coin 20% Off New Phase 7 BTC has concluded at 16:00 on February 26. This phase saw participation from 12,000 people, with approximately $120 million in funds involved, overall over-subscribed by nearly 1,400%, and 5 subscription pools over-subscribed by over 1,000%, among which the USDT pool was over-subscribed by nearly 1,800%. All data set new highs since the start of the event! After the subscription assets are settled, there is no lock-up period, and the funds will be available as spot, allowing for direct selling or withdrawal.Phase 8 ETH special session will return, officially launching at 16:00 on February 27. Users can participate in the subscription at a 20% discount using USDT/BTC/ETH/SOL/BNB/JU. This new issuance has a volume of 4,800 ETH, with a public issuance price of 1,664 USDT, and there are no participation thresholds. Future projects to be launched by Ju.com will be announced separately after comprehensive evaluation based on market conditions and user demand; please refer to official announcements for updates.In addition to the 20% discount benefits, users participating in the new issuance can receive bonuses and contract experience gold rewards, as well as a chance to enter a lottery to win physical prizes such as 88g gold bars, iPhone 17, and more; inviting friends to successfully participate can earn up to 5% new issuance token rewards.

According to Bloomberg, informed sources have revealed that the UK fintech company Revolut is considering a new round of stock sales in the second half of this year, as investors rush to buy shares of the company ahead of a potential public listing. This new round of sales will continue a series of transactions from last year, when the company's valuation rose from $45 billion in 2024 to $75 billion.Sources say that Revolut investors have been pushing for a new round of transactions at a valuation of at least $100 billion, and any new round may continue the mixed model of previous transactions. The review is still in the early stages, and no decisions have been made regarding the scale or timing of the stock sale.Investors and bankers are closely monitoring Revolut's financing progress, speculating that the company will ultimately apply for an IPO. Some informed sources indicate that the company's goal is to achieve a valuation of at least $150 billion through the listing. A representative for Revolut declined to comment.

According to market news, Hong Kong stablecoin payment fintech company RedotPay is considering an IPO in the U.S., expected to reach $1 billion.According to the crypto data platform RootData, RedotPay previously completed a $107 million Series B financing, led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, and Circle Ventures, among others. Existing investors include HSG (formerly Sequoia Capital China). RedotPay provides global payment services using stablecoins and has stated that it currently has over 6 million registered users across more than 100 markets worldwide.

According to CoinDesk, cryptocurrency exchange Kraken's parent company Payward has announced the acquisition of the token management platform Magna, further enhancing its product matrix and paving the way for potential listing plans. The transaction amount was not disclosed.After the acquisition is completed, Magna will continue to operate independently, but its token lifecycle management tools will be integrated into Kraken's product system for institutional clients. Magna primarily provides token allocation, claiming, and distribution management services for crypto project teams, currently serving over 160 clients, with the platform's peak locked value reaching $60 billion by 2025. This acquisition continues Kraken's merger and acquisition strategy in recent years. Last year, the company acquired the U.S. futures platform NinjaTrader, the derivatives trading platform Small Exchange, as well as the proprietary trading firm Breakout and the tokenized stock issuer Backed Finance. In November 2025, Kraken also completed a $800 million financing round, bringing the company's valuation to $20 billion.

According to Fortune, the cryptocurrency exchange platform Kraken has announced the acquisition of the token management platform Magna. Kraken declined to disclose the specific terms of the acquisition, which was completed last Friday. This is Kraken's sixth transaction in the past year, including the acquisition of the U.S. futures platform NinjaTrader for $1.5 billion in March this year.

According to Bloomberg, cryptocurrency exchange Gemini Space Station Inc. announced on Tuesday that its Chief Operating Officer, Chief Financial Officer, and Chief Legal Officer will leave the company immediately.Documents submitted by Gemini to the Bloomberg Terminal show that executives Marshall Beard, Dan Chen, and Tyler Meade are leaving the company effective immediately. Notably, Marshall Beard, who also served as a member of the Gemini board, has resigned from his board position as well, and the company stated that his departure is not due to any disagreements with the company.

According to Decrypt, Philippine digital bank Maya is exploring an initial public offering (IPO) in the United States, aiming to raise up to $1 billion. The company is currently working with advisors to advance this deal.Maya holds a digital banking license issued by the Philippine central bank and offers savings accounts, consumer loans, payment, and merchant services through its app. In addition to core banking services, Maya also provides in-app cryptocurrency trading services under a regulated virtual asset service provider framework. Choosing to list in the U.S. market may provide Maya with a deeper capital pool and a broader base of institutional investors.Local observers noted that investors will weigh the company's banking fundamentals against the compliance of its cryptocurrency business.

According to Reuters, the underwriter Clear Street for Strategy announced the postponement of the U.S. IPO originally scheduled for Friday, citing "poor market conditions." Additionally, the company has significantly reduced its Nasdaq IPO fundraising target from an initial goal of $1.05 billion to $364 million. After the reduction, Clear Street's valuation is approximately $7.2 billion, down from the previous target valuation of $11.8 billion.In recent years, Clear Street has become one of the leading underwriters for cryptocurrency-related stock offerings, having provided underwriting services for several crypto treasury companies, including multiple stock offerings for Strategy, and also served as the underwriter for Trump Media & Technology Group.ChainCatcher previously reported that Clear Street, the underwriter behind Strategy, plans to go public as early as January next year.

Japanese Digital Finance Platform PayPay Submits IPO Application in the U.S.It was previously reported that PayPay, a subsidiary of SoftBank, will acquire a 40% stake in Binance Japan.

Tom Lee retweeted a user's post stating that Bitmine Marine (BMNR) holds a 4% stake in Beast Industries. If Mr. Beast launches an IPO and achieves a 100-fold increase, this $200 million investment would be enough to triple the BMNR price from its current base.Fundstrat excels at early identification of companies with breakthrough potential, such as Palantir, Nvidia, and Tesla. This means that as ETH revenues increase, it will achieve 10 to 20 breakthrough projects in the coming years. Combined with the Ethereum supercycle, BMNR aims to become a $1 trillion market cap Ethereum infrastructure company.As the future of finance is ETH, BMNR is an important infrastructure company for future finance, comparable in scale to Google, and is expected to achieve a 200-fold increase within 10 years.

According to CoinDesk, two insiders revealed that as the cryptocurrency exchange platform Kraken prepares to go public in the U.S. early this year, Kraken has fired Chief Financial Officer (CFO) Stephanie Lemmerman.Lemmerman joined Kraken from Dapper Labs in November 2024 and served as the CFO of the exchange for one year and four months. One insider stated that she is currently serving as a strategic advisor at Kraken.Insiders revealed that former Vice President of Business Development Robert Moore has essentially taken over her position. The leadership page on the website of Kraken's parent company, Payward Inc., has been updated to show that Moore is now the Deputy CFO, while Lemmerman's name does not appear on that page.

The centralized crypto trading platform Backpack Exchange, created by former FTX and Alameda executives, announced the issuance of a token with a total supply of 1 billion, with the distribution mechanism directly linked to its goal of going public in the U.S. The first batch of token issuance will release 25% (250 million), and an additional 37.5% (375 million) will be unlocked upon reaching key milestones, including entering new markets or launching new products. The remaining 375 million will be locked for one year after the company goes public and will be deposited into the treasury.Backpack co-founder and CEO Armani Ferrante emphasized that the core principle of the token unlocking mechanism is to prevent insiders from cashing out before retail investors. To this end, the company's founders, executives, team members, and venture capitalists have not received any direct token allocations, and the team currently holds only equity in the company rather than tokens. This means that team members cannot gain any wealth returns through tokens until the company completes its IPO or undergoes other equity exit events.Previously, Axios reported that Backpack is in talks to raise $50 million at a $1 billion valuation, potentially becoming the latest unicorn in the crypto industry.

According to Bloomberg, payment giant Stripe Inc is arranging a tender offer that would value the company at at least $140 billion, more than $30 billion higher than its valuation of about $107 billion last year. Sources say the terms of the offer may still change. Stripe declined to comment on this.Since 2024, the company has frequently conducted tender offers to allow employees to sell shares without going public. This transaction indicates that Stripe may continue to delay its IPO process. Company co-founder and president John Collison stated in January that he is satisfied with remaining private and is "not in a hurry to go public." In January, Stripe laid off about 300 employees, roughly 3.5% of its total workforce, which the company described as part of a restructuring and stated that it still plans to continue hiring and expanding its workforce.