According to persons familiar with the situation, cryptocurrency firm Blockchain.com is interviewing banks for an initial public offering that may happen as soon as this year.
The people, who asked not to be identified because the negotiations were private, said that an IPO might not happen until next year and that the company’s plans could change. The company’s spokesman declined to respond.
Blockchain.com said in March that it was valued at about $14 billion in a funding round. That financing was led by Lightspeed Venture Partners with major participation from Baillie Gifford & Co., Blockchain.com said.
The IPO may not take place until 2023, and the company’s intentions may change, according to the newspaper, which cited people familiar with the situation.
Blockchain.com is one of the world’s largest cryptocurrency exchanges, with a Series D financing last month valuing the company at $14 billion. Lightspeed Venture Partners led the Series D financing, with Baillie Gifford contributing “significantly.”
A few transactions have lately been completed on the exchange. It bought Altonomy’s over-the-counter (OTC) trading desk and was chosen as the first crypto-related sponsorship by the Dallas Cowboys, a well-known team in the National Football League (NFL).
In collaboration with Altis Partners, Blockchain.com launched an asset management solution geared at institutional and high-net-worth investors earlier this month.
Blockchain.com was founded in 2011 and is run by Chief Executive Officer Peter Smith. It allows customers to acquire and store digital tokens such as Bitcoin.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
CoinCu News
The VanEck Pyth ETN, backed by assets stored in cold storage with Bank Frick, has…
Swift, UBS Asset Management, and Chainlink have completed a proof-of-concept that would settle tokenized fund…
Abu Dhabi, United Arab Emirates, 5th November 2024, Chainwire
According to data from SolanaFloor, Jito and Solana's 24-hour protocol fee income has surpassed Ethereum's…
As the crypto market is about to witness the next big Bitcoin surge, Rexas Finance,…
In the third quarter of 2024, despite a challenging market environment, Gate.io maintained strong growth…
This website uses cookies.