Connect with us

Hi, what are you looking for?

Tech & Innovation

Blockchain.com Is Aiming To Launch Its IPO This Year

Blockchain.com is a Miami-based company, which provides consumers with the ability to acquire and store digital tokens, was valued at $14 billion as of March.

Blockchain.com Is Aiming To Launch Its IPO This Year

As previously reported, Blockchain.com is interviewing banks for an Initial Public Offering that could happen as early as this year, in accordance with individuals connected to the issue. Lightspeed Venture Partners and Baillie Gifford are the investors who have backed the project. The Miami-based company was valued at $14 billion as of March.

Those involved in the negotiations, who asked not to be identified because the discussions were private, indicated that an Initial Public Offering (IPO) might not happen until the coming year and that the company’s plans could change. A spokeswoman for the company declined to comment.

The cryptocurrency exchange Coinbase Global Inc. said in March that it had raised $14 billion in a financing round, which lockchain.com, a competitor of Coinbase, led. Bloomberg reports that Lightspeed Venture Partners drove the funding round, with Baillie Gifford & Co. also playing an essential part in the transaction. Blockchain.com was founded in 2011 and is led by Peter Smith, who serves as Chief Executive Officer. It provides consumers with the ability to acquire and store digital tokens such as Bitcoin.

Click to comment

Leave a Reply

Your email address will not be published.