Tron’s planned public listing aligns with a broader trend of crypto firms entering US public markets, including Circle, whose share price has risen more than threefold from its IPO price of $31

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Meanwhile, Tron’s IPO development comes amid questions about which companies will go public next. After Circle’s IPO, crypto markets adopted a wait-and-see mode. The latest development, therefore, takes one of the candidates off the list, with more likely to follow.

The move comes as a slew of crypto firms have gone public in the U.S., including stablecoin giant Circle, whose shares have jumped more than three-fold from its IPO price of $31.