Grayscale Investments Files for IPO Amidst Revenue Drop: Bloomberg

Grayscale Investments Inc. has filed for an initial public offering, joining the growing number of cryptocurrency-linked companies exploring public markets. The crypto asset manager's filing with the U.S. Securities and Exchange Commission (SEC) indicates a year-over-year decrease in both revenue and net income. For the nine-month period ending September 30, Grayscale reported revenue of $318.7 million and net income of $203.3 million, compared to $397.9 million and $223.7 million, respectively, for the same period in the prior year. The company initially submitted a confidential filing for the listing in July.