Blockchain.com eyes $500M IPO as crypto capital markets thaw: Report
The crypto company is seeking a valuation of up to $6 billion, well below its 2022 peak, as recently listed crypto stocks struggle to hold their gains.
Blockchain.com, a crypto exchange and wallet provider, is reportedly looking to raise about $500 million in an initial public offering (IPO) this year, more than four years after the company reached a $14 billion valuation at the height of the previous crypto boom.
Citing people familiar with the matter, Bloomberg reported Monday that Blockchain.com was seeking an IPO valuation of between $4 billion and $6 billion. The company was also open to a smaller offering if needed to complete a public listing.
As Cointelegraph reported, Blockchain.com confidentially filed draft registration documents with the US Securities and Exchange Commission in May, paving the way for a potential IPO. At the time, the company didn’t disclose how many shares it planned to offer or a potential price range.