19 Apr BlockchainCom Negotiates IPO Terms With Banks to Go Public in 2022: Report
Another cryptocurrency company with aspirations to become a publicly-traded firm on Wall Street – BlockchainCom – has confirmed its initial plans that it aims to do so by the end of 2022.
Ever since Coinbase set up the trend in April last year, the number of crypto-related organizations indicating plans to go public has soared. Bakkt, eToro, Core Scientific, PrimeBlock, and even Circle are some of the examples.
BlockchainCom’s Chief Financial Officer – Macrina Kgil – announced similar plans for her company back in the summer of 2021.
Citing people familiar with the matter, a recent report by Bloomberg said the firm has already begun interviewing several banks on how to conduct an initial public offering (IPO) as early as this year.
The decade-old crypto company claimed in March that its valuation has gone over $14 billion, which led to some arguments between firm executives and Ark Invest’s Cathie Wood.
BlockchainCom has been on an impressive expansion streak for a while now, starting with the launch of an asset management service for institutional investors, HNIs, and family offices in early April.
Shortly after, the company partnered with the NFL giants – The Dallas Cowboys – as it became the team’s official cryptocurrency sponsor.
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