<h2 id="header-0">Crypto News</h2>
<p>Blockchain(dot)com is telling prospective investors it wants to complete an initial public offering this year, seeking to raise about $500 million at a valuation of $4 billion to $6 billion, Bloomberg<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2026-09-28/blockchain-com-is-said-to-target-500-million-ipo-this-year"> <u>reported</u></a> on Sept. 28, citing people familiar with the matter who were not named because the information is not public.</p>
<p>The company would consider a smaller raise if the listing process requires it, one of Bloomberg’s sources said. Blockchain(dot)com is a cryptocurrency exchange and<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/glossary/custodian"> <u>custodian</u></a> wallet provider.</p>
<h2 id="header-1">A Valuation Far Below Its Last Peak</h2>
<p>The targeted valuation is well below the $14 billion Blockchain(dot)com reached during the last peak of the cryptocurrency market, according to Bloomberg. The company confidentially filed a draft registration statement with the US Securities and Exchange Commission in May, which did not disclose the number of shares to be offered or a price range.</p>
<p>Blockchain(dot)com previously considered going public in 2022 before shelving those plans. A 2023 funding round valued the company at less than half its 2022 peak, according to Investing(dot)com, which cited Bloomberg reporting.</p>
<p><strong><em>Related Article: </em></strong><a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/article/mega-ipos-bitcoin-liquidity-ai-stocks-steal-spotlight">Mega IPOs Test Bitcoin’s Liquidity as AI Stocks Steal the Spotlight</a></p>
<h2 id="header-2">A Cautious Reopening for Crypto Listings</h2>
<p>The listing plan comes as capital markets for cryptocurrency companies show signs of reopening.<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/bitcoin/"> <u>Bitcoin (BTC)</u></a> has risen more than 30% since mid-August, when the US Treasury announced a significant increase in long-term Treasury bond repurchases, driving a broader rebound across the cryptocurrency market, according to Bloomberg.</p>
<p>Conditions for newly listed crypto companies remain uneven. Shares of Gemini, BitGo, and eToro, which listed over the past year, have fallen by about 50% to 80% from their post-listing highs, according to Bloomberg data.</p>
<p></p>

Blockchain.com Targets $500M IPO at Up to $6B Valuation

Table of Contents

Other articles published on Sep 28, 2026

Base's Cobalt Upgrade Adds Compliance Tools for Issuers

CLARITY Act Failure Gave Crypto 'Faster' Wins, Bitwise Says

Crypto Hacks Hit $768M in September, Worst Month of 2026

Join our free newsletter for daily crypto updates!