Blockchain.com eyes $500M IPO as crypto capital markets thaw: Report
Summary
Blockchain.com is reportedly planning a $500 million IPO this year, with a target valuation of $4 billion to $6 billion, though it may accept a smaller deal to go public. The crypto exchange and wallet provider confidentially filed draft registration documents with the SEC in May. The move follows a recent crypto market rebound that has reopened capital markets somewhat for digital-asset companies, helped by Bitcoin’s sharp rise. Even so, conditions remain weak: recently listed crypto firms such as Gemini, BitGo, and eToro are still trading far below their post-IPO highs.
