Leading crypto financial service provider Blockchain.com is mulling an IPO listing later this year, according to Bloomberg
The Miami-based crypto company is currently valued at $14 billion.
Leading cryptocurrency exchange and wallet service provider Blockchain.com is contemplating a public listing this year, according to a recent Bloomberg report.
Blockchain.Com Mulls Over Public Listing
As per the Bloomberg report, Blockchain.com is currently holding discussions with banks to reach a favorable consensus on the said matter. The report further cites that an initial public offering may or may not happen this year and is also subject to change as per developing circumstances.
The report reiterates that the startup is currently “interviewing banks for an initial public offering that could take place as soon as this year.”
An IPO, in simpler terms, can be defined as a process of offering shares of a private corporation to the public in a new stock issuance. An IPO enables a firm to raise new capital from public investors and denotes a monumental transition for a firm that enables a corporation to solidify its position in the sector.
Blockchain.com had recently participated in a funding round led by Lightspeed Venture Partners in March that helped the firm raise its valuation, which currently sits at $14 billion.
Founded in 2011,Blockchain.com is a prominent financial service provider that offers crypto wallet services along with crypto exchange services. The platform serves as an online medium to conduct cryptocurrency trading, as well as offers crypto wallet services to its users. Formerly known as Blockchain.info, Blockchain.com serves nearly 82.22 million users globally.
In addition to this, the firm also functions as a blockchain explorer that enables users to see public cryptocurrency transactions and related information.