Crypto Asset Manager Grayscale Shows Revenue Drop in IPO Filing

Grayscale Investments Inc. filed publicly for an initial public offering, the latest cryptocurrency-linked company to test public markets under an administration more open to digital assets.

The crypto asset manager had net income of $203.3 million on revenue of $318.7 million for the nine months ended Sept. 30, compared with net income of $223.7 million on revenue of $397.9 million a year earlier, according to its filing Thursday with the US Securities and Exchange Commission. The company in July filed confidentially for a listing.

IPO activity is set to ramp up heading into the end of the year with ...