Blockchain.com Confidentially Files With SEC for US IPO
Summary
- Blockchain.com said it is pursuing a US market listing and has confidentially submitted an S-1 filing to the SEC for an IPO.
- The company said the number of shares to be offered and the proposed price range have not yet been determined, and that the deal will proceed depending on market conditions and the outcome of the SEC review.
- Blockchain.com provides wallets, an exchange and institutional products, and said Circle, Bullish, Gemini and BitGo have also listed on US markets in succession.
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Blockchain.com is preparing for a US stock market listing.
The crypto financial services company recently confidentially submitted an S-1 filing to the US Securities and Exchange Commission for an initial public offering, The Block reported on May 21. Blockchain.com said the number of shares to be offered and the proposed price range have not yet been determined. The offering will proceed depending on market conditions and the SEC review, it added.
Founded in 2011, Blockchain.com is one of the crypto industry's early companies. It currently offers wallets, an exchange and institutional products.
Crypto companies have pursued IPOs in a wave since last year. Circle, the issuer of USDC, along with Bullish and Gemini, were among the companies that listed on US exchanges last year. In January, BitGo listed on the New York Stock Exchange, becoming the first crypto company to go public this year.
Meanwhile, US crypto exchange Kraken had been pursuing a US IPO last year with a target of listing in the first quarter, but put those plans on hold in March as market conditions worsened.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
