Cryptocurrency firms have been rushing to issue initial public offerings (IPO) this year; however, they’ve not all been winners for investors who get in when these stocks are finally offered publicly.

Among five firms analyzed by Protos — Circle, Galaxy Digital, Bullish, Gemini, and eToro — only two of them — Circle and Galaxy Digital — currently trade above their initial price.

Galaxy Digital was also not technically an IPO, as it had previously traded on the Toronto Stock Exchange, but it did offer an underwritten public offering of its stock as part of its listing on the NASDAQ exchange.

...read more at protos.com