Blockchain.com, a prominent crypto exchange and wallet provider, is reportedly considering going public in the United States through a special purpose acquisition company (SPAC). The company has engaged Cohen & Company Capital Markets to advise on the potential transaction, although it remains uncertain if discussions are still active.
Blockchain.com has experienced fluctuating valuations in recent years, reflecting market conditions. In March 2021, it secured $300 million in funding at a $5.2 billion valuation, which surged to $14 billion in 2022. However, by November 2023, its valuation had adjusted to $7 billion following a $110 million funding round, as reported by Bloomberg.
Blockchain.com Explores SPAC Route for U.S. Public Listing
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.