Crypto services company Blockchain.com aims to go public this year, seeking to raise about $500 million in an initial public offering and secure a valuation of between $4 billion and $6 billion, Bloomberg reported Monday (Sept. 28), citing unnamed sources.
According to the report, Blockchain.com is in talks with potential investors, and the details of the offering could still change. The company declined Bloomberg's request for comment.
Blockchain.com announced in May that it had confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC) for an IPO. At the time, the company said "the number of shares to be offered and the price range for the proposed offering have not yet been determined."
The renewed IPO push comes as crypto markets rally, a backdrop that has coincided with heightened interest from crypto firms in tapping public markets.
