EasyA hits $1.1 billion valuation, targets 2027 public listing and tokenized shares
EasyA, a platform supporting blockchain and AI companies, has achieved a $1.1 billion valuation and plans a direct public listing by 2027. Founded by brothers Philip and Dominic Kwok, the company has submitted a draft registration to the SEC and aims to offer tokenized shares. This move will test investor appetite for infrastructure providers in the crypto and AI sectors.
Why it matters
This article highlights the growing maturity and investor interest in companies providing foundational services to the blockchain and AI industries, rather than just the technologies themselves. The plan for tokenized shares could also set a precedent for future public listings, blending traditional finance with digital assets.
The platform, which was founded by brothers Philip and Dominic Kwok, plans to pursue a direct public listing, which would allow its existing shareholders to sell their stock publicly without the company raising fresh capital through a traditional initial public offering (IPO).
EasyA has already submitted a draft registration to the U.S. Securities and Exchange Commission (SEC). The company has completed two years of audits by the accounting firm PDF and received an independent valuation based on its financial performance and growth prospects. The valuation does not necessarily indicate what investors will pay for EasyA once its shares begin trading.
The planned listing would give public-market investors access to a business that helps blockchain networks and AI companies attract developers and build applications. It would also test investor appetite for companies that sell the infrastructure and services behind those industries, rather than for cryptocurrencies or AI models themselves.
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