Blockchain.com is planning IPO as early as this year, Bloomberg reports

Crypto exchange Blockchain.com is interviewing banks for an initial public offering that could take place as early as this year, people familiar with the matter told Bloomberg.

Coinbase rival Blockchain.com, one of the world’s largest crypto exchanges, reached a valuation of $14 billion last month in its Series D round led by Lightspeed Venture Partners, with major participation by Baillie Gifford. In March 2021, the company raised a $300 million Series C round and reached a post-money valuation of $5.2 billion.

Bloomberg reported that an IPO might not happen until next year and the company’s plans could change. 

Blockchain.com has yet to give a response on the matter.

Founded in 2011, Blockchain.com acquired Altonomy’s over-the-cıunter (OTC) trading desk last month. The crypto exchange allows users to buy and store digital tokens such as Bitcoin and is led by Chief Executive Officer Peter Smith.

Written by Sophie Blake

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