Blockchain.com targets $500M US IPO at $4B to $6B valuation
Image: CointelegraphBlockchain.com is reportedly targeting a roughly $500 million US IPO this year, with a proposed valuation between $4 billion and $6 billion. The company confidentially filed draft SEC registration documents in May. Its 2022 private-market peak valuation was $14 billion. Recent crypto IPOs including Gemini, BitGo and eToro have dropped sharply from their post-listing highs. Capital markets are beginning to reopen for crypto firms after a recent market downturn.
Key points
- Blockchain.com is reportedly targeting a $500 million US IPO with a $4 billion to $6 billion valuation
- It confidentially filed draft SEC registration documents for the potential offering in May
- The company's 2022 private-market peak valuation was $14 billion
- Recently listed crypto firms including Gemini, BitGo and eToro have dropped sharply from their post-IPO highs
Why it matters
The potential listing would be one of the largest recent crypto IPOs, as capital markets reopen for crypto firms after a downturn. Recent crypto IPO performance shows public-market conditions remain challenging for the sector.
What's unclear
Blockchain.com has not publicly confirmed the reported $500 million raise target, $4B to $6B valuation or listing date
The exact timeline for a potential Blockchain.com IPO is not disclosed
Sources · 3 publishers
Cointelegraph
Tier 1
Blockchain.com eyes $500M IPO as crypto capital markets thaw: Report
Crypto.news
Tier 2
Blockchain.com wants $500M IPO after $14B peak
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Cointelegraph
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
