Blockchain.com Could Look at an IPO as Early as This Year: Report
The exchange is looking at a listing after reaching a valuation of $14 billion last month.
Updated May 11, 2023 at 4:07 p.m. UTC
Cryptocurrency exchange Blockchain.com is interviewing banks for an initial public offering (IPO), which could take place as early as this year, Bloomberg reported on Tuesday.
- The IPO might not happen till 2023 and its plans could still change, the report said, citing people familiar with the matter.
- Blockchain.com is one of the biggest crypto exchanges in the world and reached a valuation of $14 billion in a Series D round last month. The Series D round was led by Lightspeed Venture Partners, with "major participation" from Baillie Gifford.
- Earlier this month, Blockchain.com launched an asset management service aimed at institutional and high net worth investors, in partnership with Altis Partners.
- Blockchain.com did not immediately respond to a request for comment.
UPDATE (April 19, 07:10 UTC) : Adds details about Blockhchain.com's latest ventures and deals in the third and fourth bullet.