Blockchain.com targets $500 million initial public offering

• Blockchain.com is seeking about $500 million through a potential US initial public offering.
• The proposed listing could value the company between $4 billion and $6 billion.
• Bloomberg reports the company could reduce the offering size if market conditions require.

Blockchain.com Group Holdings Inc. is targeting about $500 million through a potential US IPO, Bloomberg reported.

The proposed listing could value the cryptocurrency services company between $4 billion and $6 billion.

The company is discussing the potential offering with prospective investors, according to people familiar with the matter.

Blockchain.com could pursue a smaller fundraising target if market conditions require a reduced offering.

The company confidentially submitted draft IPO documents to the US Securities and Exchange Commission in May.

The confidential filing did not disclose the number of shares or price range for the offering.

The potential listing comes as Blockchain.com expands its digital asset operations and explores tokenised US securities with NYSE.

The potential IPO would give public-market investors a route to gain exposure to Blockchain.com.