Crypto Firm Blockchain.com Likely to Go Public This Year

Cryptocurrency wallet provider Blockchain.com is considering going public as soon as this year, people familiar with the matter told Bloomberg. However, the plans for IPO are not completely confirmed this year and could move until next year. In April, Blockchain.com rival Coinbase went public in a historic direct listing on the Nasdaq stock exchange that valued the US-based exchange at more than $100 billion. While Blockchain.com is the latest large crypto business to look at the IPO route, it’s unlikely to be the last. A host of high-profile crypto players, including crypto exchanges Kraken and stablecoin issuer Circle, are also considering the prospect, and more could do so soon. Earlier last month, Blockchain.com reached a $14 billion valuation in a Series D funding round led by Lightspeed Venture Partners and UK-based independent investment manager Baillie Gifford, the London-based company said. The U.K.-based company also raised $300 million in March last year at a valuation of $5.2 billion which also included Lightspeed and VY Capital participated in that round.The post Crypto Firm Blockchain.com Likely to Go Public This Year first appeared on Cryptoknowmics-Crypto News and Media Platform.The post Crypto Firm Blockchain.com Likely to Go Public This Year appeared first on Cryptoknowmics-Crypto News and Media Platform.