Blockchain.com targets $500 million IPO this year at up to $6 billion valuation

Blockchain.com has taken steps toward a U.S. public listing, confidentially filing a proposed IPO registration with the Securities and Exchange Commission earlier this year, people familiar with the matter told Bloomberg. The filing initiates the SEC review process while delaying public disclosure of the company's detailed financials. According to the report, the crypto services provider is in discussions with potential investors about raising approximately $500 million at a valuation in the $4 billion to $6 billion range. Blockchain.com offers a suite of products including an exchange, wallet services, trading and lending. The move comes after a relatively quiet start to 2026 for crypto-sector IPOs, following several notable public listings in 2025 such as Circle, Gemini Space Station and Bullish. Market participants and firms had delayed some offerings amid a weak crypto market in the early part of 2026, though asset prices have shown improvement in recent months. CoinDesk, which carried reporting on the Bloomberg account, said Blockchain.com did not respond to a request for comment. The company's confidential SEC filing means details about its financial performance and exact deal structure were not publicly available at the time of the reports.