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Stock impact report

13-year-old crypto exchange files confidential IPO [Yahoo! Finance]

Tron Inc. (TRON) 
Company Research Source: Yahoo! Finance
On Nov. 19, Payward Inc., the operator of the crypto exchange, announced that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock. The company, in a blog post said it has not yet determined the number of shares it intends to offer or the price range for the listing. The IPO will proceed only after the SEC completes its review and “subject to market and other conditions,” the announcement said. Related: Kraken exec says tokenized stocks will let you ‘buy coffee with Tesla' What is Form S-1? A Form S-1 is the official registration document a company must file with the U.S. Securities and Exchange Commission (SEC) before it can go public. It includes detailed financial statements, business risks, revenue information, management disclosures and how much money the company plans to raise in its initial public offering (IPO). The SEC reviews the S-1 Show less Read more
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