Crypto startup Blockchain.com scheming 2022 IPO
Blockchain.com would be just the 2nd crypto trade to go public in the U.S. if it can execute an IPO before Binance. The US is striving to do the same. Crypto exchange and block explorer Blockchain.com has started speaking with American banks to investigate how it may hold a preliminary public offering or IPO this year. Bloomberg noted that sources aware of the circumstance said that the chats were merely initial discussions and that the tech startup’s proposals could alter at any time. Coinbase was the 1st to go public in 2021 at an opening rate of $381 per share of COIN with a valuation of about $100B.
Blockchain.com is now priced at about $14B pursuing a financing round with international venture capital companies. Blockchain.com is a digital currency economic services firm that started as the 1st Bitcoin block explorer in 2011 and later established a prominent crypto wallet application. Binance.US, the American branch of the biggest crypto trade around the globe also schemes ongoing public as soon as it can ascertain liberation from the main trade as per the founder, Changpeng Zhao. Supporting the trade’s efforts is a recent $200M seed session of funding that rewarded it with a pre-money valuation of $4.5B.
Regulatory drawbacks have been the major impediment keeping crypto trade juggernauts from going public in the U.S. Binance.US CEO Brian Shroder asserts that the company has a powerful business and is toiling with local regulators to assure it can list without difficulties.