Blockchain.com Wants $500M IPO After $14B Peak
The crypto brokerage is discussing a smaller offering if needed, as recent digital-asset listings have struggled to hold their gains.
- Blockchain is targeting an IPO this year to raise about $500 million at a valuation between $4 billion and up to $6 billion, according to Bloomberg reporting on Monday.
- This valuation remains well below the 2022 peak of $14 billion, when the company secured a Series D financing round at the height of the previous crypto boom.
- Blockchain claims its app has more than 44 million confirmed accounts and reports processing more than $1.1 trillion in transactions while raising $537 million in equity capital.
- Although it has not published a public Form S-1, Blockchain confidentially filed draft registration documents with the SEC in May, beginning the formal IPO process.
- Shares of recent crypto IPOs like Gemini and BitGo are down roughly 50% to 80% from post-IPO highs, even as Blockchain signed a memorandum of understanding with NYSE on September 23.
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14 Articles
The crypto Blockchain.com company would have to announce to some of its potential investors that it wants to make an entry into the stock market this year. An operation with which it hopes to raise the sum of 500 million dollars. The article Crypto: Blockchain.com wants to raise 500 million dollars for its introduction to the stock exchange appeared first on Cryptoast.
Key points of the news: Blockchain.com points to a valuation of between $4 billion and $6 billion in a possible IPO in the United States during 2026. The company seeks to raise about $500 million through the offer, according to sources cited by Bloomberg familiar with the plans. The firm has already submitted a confidential request to the ... Read more
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