BlockchainCom negotiates terms for IPO with banks to go public in 2022: The 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.

The number of cryptocurrency-related organizations that have indicated plans to go public since Coinbase created the trend last April has increased dramatically. Bakkt (eToro), Core Scientific, PrimeBlock and Circle are just a few of the examples.

BlockchainCom’s Chief Financial Officer – Macrina Kgil – announced similar plans for her company back in the summer of 2021.

Bloomberg recently reported that it had begun interviewing banks about how to do an initial public offering (IPO). This was according to people familiar with this matter.

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 had an impressive growth streak over the past few months. The company launched an asset management service for institutional and HNI investors 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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