After Trump's election, Goldman Sachs and JPMorgan Chase focus on cryptocurrency clients seeking IPO opportunities
Nov 06, 2024 14:02
Odaily Planet Daily News: According to industry insiders, investment bankers from top Wall Street firms such as JPMorgan Chase, Goldman Sachs, and Morgan Stanley have been meeting with cryptocurrency executives in hopes of obtaining the opportunity for lucrative initial public offerings that cryptocurrency companies may undertake after the election. The new enthusiasm reflects people's optimistic attitude towards the improvement of market and regulatory conditions after Donald Trump wins the US presidential election, which may pave the way for companies such as Kraken, Fireblocks, and Chainalysis to go public. Advisors say that bankers' interest in conferences is also different from most of the past two years, when many investment banks believed that cryptocurrency companies were too risky to do business.
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