Grayscale Files for IPO with $318.7M Loss and 20% Revenue Drop in Nine-Month Period

Grayscale filed its IPO registration with the U.S. Securities and Exchange Commission on November 14, 2024, reporting a net loss of $318.7 million and a 20% revenue decline for the first nine months of 2024. The digital asset manager oversees approximately $35 billion across more than 40 investment products. The company plans to list on the New York Stock Exchange under the ticker GRAY.