Blockchain.com Aims for Billion-Dollar Valuation with $500 Million IPO

Blockchain.com Group Holdings Inc., one of the oldest crypto services companies, is planning an initial public offering (IPO) for this year. According to people familiar with the matter, the company is seeking to raise about $500 million in its listing. This valuation would put Blockchain.com at a price target of between $4 billion and $6 billion. The IPO would be a significant step for the crypto market, which has been slowly recovering from a downturn.

The company's potential IPO comes as the crypto market begins to thaw after a period of decline. While the exact timing and details of the listing are not yet public, Blockchain.com is reportedly considering a smaller raise if needed. The people who spoke about the matter asked not to be identified due to the sensitive nature of the information.