Blockchain.com Seeks US Listing This Year, Targets Up to $500 Million at $4 Billion to $6 Billion Valuation

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Blockchain.com is pursuing a U.S. stock market listing this year that could raise as much as $500 million.

Bloomberg reported on September 28 that Blockchain.com is aiming to raise about $500 million through an initial public offering and achieve a valuation of $4 billion to $6 billion at listing. The company is also considering a smaller deal depending on market conditions.

Discussions on the listing are ongoing, and the timing and offering terms could still change. A Blockchain.com spokesperson declined to comment.

The listing effort comes as the crypto market shows signs of recovery. Bitcoin has risen about 33% since mid-August. Gemini, Bullish and eToro went public last year, but listing activity among crypto firms later cooled as digital-asset prices fell sharply. Gemini shares have dropped more than 80% since their debut, while BitGo and eToro are down about 60% and 50%, respectively.