Chia Network’s Daring Public Move: Crypto Startup Defies Odds In Pursuit Of IPO

Cryptocurrency startup Chia Network Inc. announced on Friday that it has taken a significant step towards a U.S. initial public offering (IPO) by confidentially submitting a draft registration statement to the Securities and Exchange Commission (SEC). In 2021, the company was valued at approximately $500 million, and the announcement mentioned that the size and pricing range for the proposed IPO has not yet been determined, Bloomberg reported.