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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 a $500 million IPO this year with a valuation between $4 billion and $6 billion, seeking to capitalize on improving crypto market conditions.
- The target valuation remains well below the company's 2022 peak of $14 billion, reflecting the broader market downturn that compressed private-market valuations across crypto firms.
- Blockchain reports having processed more than $1.1 trillion in transactions and raised $537 million in equity capital, with its app claiming more than 44 million confirmed accounts.
- The company confidentially filed draft registration documents with the SEC in May but has not yet published a public Form S-1 as of late September.
- Recent crypto IPOs like Gemini and BitGo are down roughly 50% to 80% from post-IPO highs, though Blockchain last week signed a memorandum with NYSE for tokenized equities access.
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Blockchain.com Targets $4 Billion to $6 Billion Valuation in IPO as Bitcoin Rallies
TLDR Blockchain.com is reportedly seeking to raise about $500 million in an IPO this year. The company is targeting a valuation between $4 billion and $6 billion. That range is well below the $14 billion valuation it reached in 2022. Bitcoin has gained more than 30% since mid-August after a US Treasury buyback announcement. Shares of Gemini, BitGo and eToro remain down about 50% to 80% from their post-IPO highs. Blockchain.com, a crypto exchang…
The improvement of the crypto market, the result of the forceful rebound experienced in the quotations since August, opens the door to new exits to the Stock Exchange in the sector.
·Madrid, Spain
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