FalconX Has Secretly Filed IPO Application Documents with the U.S. SEC

According to CoinDesk, cryptocurrency trading firm FalconX has confidentially filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) and engaged investment banks including Cantor to prepare for its initial public offering (IPO). Sources familiar with the matter said that, due to market conditions, FalconX’s listing is not expected before later this year. Founded in 2018, FalconX primarily provides institutional clients—including hedge funds, asset management firms, and market makers—with digital asset prime brokerage, trade execution, liquidity access, credit, and clearing services. The company raised $150 million in its Series D funding round in 2022, achieving an $8 billion valuation.