[ad_1] <br><div data-test-id="content-container"><figure class="getty-figure" data-type="getty-image"> <picture> <img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/984368714/image_984368714.jpg?io=getty-c-w750" alt="Blue IPO background" data-id="984368714" data-type="getty-image" width="4500px" height="3000px" srcset="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/984368714/image_984368714.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/984368714/image_984368714.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/984368714/image_984368714.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/984368714/image_984368714.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/984368714/image_984368714.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/984368714/image_984368714.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/984368714/image_984368714.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/984368714/image_984368714.jpg?io=getty-c-w240 240w" sizes="(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px"/> </picture> <figcaption class="caption" data-type="getty-image"><p class="item-credits">Andrey Tolkachev</p></figcaption> </figure><p>Crypto blockchain developer Chia Community introduced Friday that it has confidentially filed with the SEC for an preliminary public providing.</p> <p>The corporate stated it hasn't but decided the scale or worth vary of the providing, however plans to maneuver ahead with<span class="paywall-full-content invisible"> the deal as soon as it completes the SEC evaluation course of, topic to market situations, </span><a target="_blank" href="https://www.businesswire.com/news/home/20230413005830/en/Chia-Network-Announces-Confidential-Submission-of-Draft-Registration-Statement-for-Proposed-Initial-Public-Offering" class="paywall-full-content invisible" rel="noopener">according to a statement.</a></p> <p class="paywall-full-content invisible">Primarily based in South San Francisco, Chia has created a blockchain that it believes is extra environmentally pleasant as a result of it permits for knowledge to be saved on arduous drives, which is much less vitality intensive. The corporate was based by BitTorrent developer Bram Cohen. </p> <p class="paywall-full-content invisible">In January, Chia CEO Gene Hoffman advised Bloomberg that he doubted Chia would go public this 12 months as he did not imagine the IPO window can be "open." <a target="_blank" href="https://www.bloomberg.com/news/articles/2023-04-14/chia-network-ipo-to-give-crypto-stocks-another-entrant?sref=Hh2p8mzs" rel="noopener">Bloomberg added</a> the corporate was valued at round $500M in 2021.</p> <p class="paywall-full-content invisible">Different publicly traded crypto tech corporations embrace Coinbase (<a target="_blank" href="https://seekingalpha.com/symbol/COIN" title="Coinbase Global, Inc." rel="noopener">COIN</a>), Core Scientific (<a target="_blank" href="https://seekingalpha.com/symbol/CORZQ" title="Core Scientific, Inc." rel="noopener">OTCPK:CORZQ</a>), Marathon Digital (<a target="_blank" href="https://seekingalpha.com/symbol/MARA" title="Marathon Digital Holdings, Inc." rel="noopener">MARA</a>) and Riot Platforms (<a target="_blank" href="https://seekingalpha.com/symbol/RIOT" title="Riot Platforms, Inc." rel="noopener">RIOT</a>).</p> <p class="paywall-full-content invisible">Additionally on Friday, crypto mining providers supplier Bitdeer (<a target="_blank" href="https://seekingalpha.com/symbol/BTDR" title="Bitdeer Technologies Group" rel="noopener">BTDR</a>) made its market debut following a SPAC merger. Shares of Bitdeer completed their <a target="_blank" href="https://seekingalpha.com/news/3956668-bitdeer-stock-tumbles-after-blue-safari-spac-merger" rel="noopener">first session 30% lower.</a></p> </div> <br>[ad_2] <br><a href="https://seekingalpha.com/news/3956723-chia-network-crypto-blockchain-developer-files-ipo">Source link </a>