Crypto: Blockchain.com Aims to Raise 500 Million Dollars for its IPO
Article excerpt
While numerous IPOs of leading crypto companies were expected for the beginning of this year, unfavorable market conditions ultimately led to the postponement of many of them to unspecified later dates. However, the visibly confirmed return to an upward trend for Bitcoin and all cryptocurrencies at the end of this year seems to restore confidence to certain players in the ecosystem, such as one of the oldest companies in the sector, Blockchain.com. To learn more - Top 10 IPOs to watch Indeed, recent statements obtained by the financial media Bloomberg from "people close to the matter" - which therefore remain to be officially confirmed by the company - report a possible imminent IPO for Blockchain.com, for now only announced to some of its potential investors. An IPO that could apparently take place before the end of this year, and which would aim to raise the sum of 500 million dollars. This would allow Blockchain.com to target a valuation between 4 and 6 billion dollars on this occasion, even if the expected amount could be revised downwards if necessary. By way of comparison, Blockchain.com was valued at 14 billion dollars in 2022. A time when it had already considered going public. This stock market initiative by Blockchain.com allows for the consideration of a possible return of IPO projects paused at the beginning of this year by crypto players such as the...
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The same applies to Blockchain.com, which just a few days ago partnered with the New York Stock Exchange to offer its clients direct access to US stocks and tokenized ETFs traded via the NYSE's planned trading platform, while simultaneously putting an agreement in place with the American financial infrastructure group Intercontinental Exchange (ICE) for market data exchanges.
