Shearman & Sterling partner Alan Bickerstaff recently spoke with S&P Global Market Intelligence for a story about IPO activity in the FinTech space. According to the article, while there has been significant attention on FinTech companies going public via merger with a SPAC, some of the largest FinTech companies are still opting for a more traditional IPO.
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S&P: Fintech heavyweights still opting for IPOs over SPACs
In the blockchain space, there are multiple companies that could find an IPO a viable option in the next 12 to 24 months based on their size and growth rate, said Alan Bickerstaff, a partner at Shearman & Sterling. Although the market is nascent, some applications are more established than others, such as software solutions that analyze payment transactions on blockchain for governance and compliance purposes, or blockchain infrastructures for stock transfers and faster settlement of trades, Bickerstaff said.
