Blockchain.com Tests a Cold IPO Market After Kraken, Ledger Paused
Blockchain.com has filed a confidential draft registration assertion (S-1) for an preliminary public providing (IPO) with the US Securities and Exchange Commission (SEC).
The Dallas-based crypto agency goals to listing publicly this yr, becoming a member of a thinning queue of 2026 debuts.
A Crypto Veteran Reaches for Wall Street
Among the oldest lively crypto companies firms, Blockchain.com has not disclosed shares or a worth vary. According to Bloomberg, the agency employs 500 employees and has been worthwhile on an adjusted foundation for 3 years. It helps over 95 million wallets and 43 million confirmed accounts.
Blockchain.com first weighed a public listing as early as 2022. The agency’s valuation rose to $14 billion within the spring of that yr. A 2023 Series E spherical left it valued at lower than half of that.
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Meanwhile, the agency follows Bullish and Gemini Space Station, the Winklevoss brothers’ enterprise, which went public in 2025 throughout a crypto rally.
However, crypto markets have stayed under pressure since October’s file crash. Investor risk-off positioning has stalled the tempo of recent listings throughout the sector.
Payward, Kraken’s mother or father, postponed its IPO in March and is cutting 150 jobs to slim down. Hardware pockets maker Ledger has additionally paused its plans.
Blockchain.com’s bid, subsequently, enters a extra cautious public market than its predecessors confronted. Pricing will hinge on token restoration and listing-day urge for food.
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