Blockchain.com is reportedly preparing an initial public offering that could raise about $500 million and value the crypto company at up to $6 billion, below its 2022 peak. The report comes as recently listed crypto stocks have struggled to hold their gains.
Disclaimer: News content is based on public news sources and provided for information only. It does not constitute investment advice.
According to a Sept. 28, 2026 report from Cointelegraph, Blockchain.com is eyeing an initial public offering that could raise around $500 million. The company is reportedly seeking a valuation of up to $6 billion. Blockchain.com provides crypto wallet and exchange services, making it one of the better-known consumer-facing brands in the digital asset sector. If it proceeds, the offering would place it among the larger crypto-related listings in recent years.
The reported target of up to $6 billion is well below the valuation Blockchain.com reached in 2022, according to the report summary. That gap reflects how much private-market conditions for crypto companies have changed since the 2021-2022 boom, when low interest rates and rapid user growth supported high valuations. A lower IPO valuation can affect existing shareholders, employees with equity, and early backers because their stakes may be worth less on paper than at the prior peak. It also gives public investors a different entry point than private investors had during the boom.
The report notes that recently listed crypto stocks have struggled to hold their gains after going public. That matters for IPO pricing because underwriters and institutional investors often look at how comparable companies trade when setting terms and gauging demand. If newly public crypto firms lose value after listing, prospective investors may push for a more conservative valuation or a smaller deal size. For Blockchain.com, this dynamic helps explain why the reported target sits below its earlier private-market peak.
The phrase "crypto capital markets thaw" points to a possible reopening of public listing activity after a long stretch in which crypto firms avoided or delayed IPOs. During the 2022 downturn, several crypto companies faced falling valuations, regulatory pressure, and the collapses of major industry players, which chilled new issuance. A thaw does not mean all deals succeed; it means more firms are willing to test investor appetite. Blockchain.com's reported plan is one example of that broader shift.
An IPO of this type typically requires regulatory filings, selection of a listing venue, and coordination with underwriters. The company would need to disclose financial statements, risk factors, and ownership details before shares could trade publicly. Existing investors and employees may gain liquidity, though lock-up agreements often restrict when they can sell. The reported valuation and deal size could still change based on investor demand and market conditions before any listing.
Blockchain.com is reportedly preparing an initial public offering that could raise about $500 million. The report says the company is seeking a valuation of up to $6 billion, though the plan has not been officially confirmed.
The reported target is well below Blockchain.com's 2022 valuation, reflecting a broad shift in private-market conditions for crypto companies. Higher interest rates, regulatory scrutiny, and the weak performance of recently listed crypto stocks have made investors more cautious.
An IPO would allow the company to sell shares to public investors and list on a stock exchange, raising capital for operations, compliance, or growth. It could also give early investors and employees a path to liquidity, subject to lock-up agreements.
After the 2022 downturn and a series of industry collapses, many crypto firms delayed or avoided public listings. A thaw suggests more companies are now willing to test investor demand, even though recent listings have shown mixed aftermarket performance.
The Reported IPO Plan
A Valuation Below the 2022 Peak
Weak Aftermarket Performance for Crypto Listings
Why the Capital Markets Are Described as Thawing
What the Process Would Involve
This article is rewritten from public news sources and further processed by AI. It is provided for information only and does not constitute investment advice — refer to the original source for the authoritative version.
Investor demand, regulatory review, overall market conditions, and the performance of comparable crypto stocks could all influence the deal. The reported valuation and amount raised may change before any listing is completed.
No, the offering is based on a report and has not been officially confirmed by the company. Details such as timing, valuation, and deal size remain preliminary and could be adjusted.
