Blockchain.com targets $500M raise at $4-6B valuation in IPO
- —Target raise of $500 million at a $4-6 billion valuation
- —Peak valuation of $14 billion in 2022 fell to $7 billion in 2023
- —Nearly 95 million wallets created and 43 million verified accounts
- —Lifetime transaction volume exceeds $1.1 trillion
Why it matters: The IPO of one of crypto's oldest firms will test public-market appetite for crypto businesses after the valuation collapse of 2022-2023.
Source: Crypto Briefing