Blockchain.com Pursues IPO at $4 Billion to $6 Billion Valuation

Blockchain.com is pursuing a U.S. initial public offering by the end of 2026, seeking to raise about $500 million at a valuation of $4 billion to $6 billion, according to people familiar with the company’s plans cited in reports. The proposed terms remain under discussion, and the company may pursue a smaller offering. No final offering terms or completed listing have been reported. The company confidentially filed draft registration documents with the U.S. Securities and Exchange Commission in May, according to the reports. The filing began a regulatory review process but did not specify how many shares Blockchain.com would offer or set a price range. Because the filing was confidential, the company’s financial details were not publicly disclosed with it. The reported valuation target is substantially below Blockchain.com’s previous private-market valuation. Investors valued the company at $14 billion in 2022, according to the reports. One account said a funding round in 2023 valued it at less than half that amount. The figures reflect reported private valuations, not a current market price or confirmed IPO valuation. Blockchain.