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09/29/2026

Blockchain.com Eyes $500 Million US IPO at Halved Valuation

What happened: London-based crypto services company Blockchain.

Blockchain.com Eyes $500 Million US IPO at Halved Valuation

What happened: London-based crypto services company Blockchain.com has confidentially filed for a US initial public offering, aiming to raise approximately $500 million at a valuation between $4 billion and $6 billion. This marks a significant reduction from its $14 billion peak valuation in 2022. The company signed an MoU with NYSE Group last week to provide users access to tokenized US stocks and ETFs via NYSE's planned digital venue. Underwriters, revenue details, and the final exchange have not been disclosed.

Why it matters: If successful, this would be one of the largest crypto IPOs of 2026, following recent listings from Circle, Gemini, and Bullish. The move signals renewed confidence in public markets after a period of crypto sector weakness earlier this year. However, the sharp drop in valuation underscores the sector's volatility and shifting investor sentiment since the 2021–2022 bull market. Blockchain.com’s IPO could set a precedent for other crypto infrastructure firms weighing public listings amid regulatory scrutiny and market recovery.

Source: CoinDesk