C&K Group Ltd files to offer 2M shares in IPO

C&K Group Ltd files to offer 2M shares in IPO

C&K Group Ltd has filed to offer 2 million shares in its initial public offering (IPO). The company aims to raise capital to expand its operations and explore new growth opportunities. The IPO, which is expected to be listed on the Nasdaq, will be led by Goldman Sachs & Co. LLC, Jefferies, and BofA Securities as lead underwriters.

According to the filing, C&K Group Ltd reported a significant revenue growth of 22.4% in the first half of 2025, reaching $191 million. This marked a substantial turnaround from a loss of $13 million in the same period the previous year to a profit of $29 million. The company attributes its success to the application of blockchain technology, which enhances liquidity in traditionally illiquid markets.

The IPO filing comes amid a favorable environment for crypto-related companies seeking public market access. The Trump administration has fostered a crypto-friendly regulatory climate, and the successful debut of stablecoin issuer Circle has set a precedent for similar listings. Figure joins other crypto players, such as Gemini, the crypto exchange founded by the Winklevoss twins, which also recently filed for an IPO.

The final details of the IPO, including pricing and terms, will be determined in the coming months. The listing represents a pivotal moment in the broader adoption of blockchain in capital markets. With its strong revenue growth and innovative offerings, C&K Group Ltd is positioning itself as a leader in the digital finance space.

References:
[1] Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering (https://www.businesswire.com/news/home/20250818159849/en/Figure-Technology-Solutions-Inc.-Files-Registration-Statement-for-Proposed-Initial-Public-Offering)
[2] Figure - Overview, News & Similar companies (https://www.zoominfo.com/c/figure-lending-llc/448318779)
[3] Blockchain lender Figure Technology reveals revenue surge in IPO filing (https://finance.yahoo.com/news/blockchain-lender-figure-technology-makes-205424776.html)