BlockchainCom Negotiates IPO Terms With Banks to Go Public in 2022: 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.

• Ever since Coinbase set up the trend in April last year, the number of crypto-related organizations indicating plans to go public has soared. Bakkt, eToro, Core Scientific, PrimeBlock, and even Circle are some of the examples.
• BlockchainCom’s Chief Financial Officer – Macrina Kgil – announced similar plans for her company back in the summer of 2021.
• Citing people familiar with the matter, a recent report by Bloomberg said the firm has already begun interviewing several banks on how to conduct an initial public offering (IPO) as early as this year.
• 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 been on an impressive expansion streak for a while now, starting with the launch of an asset management service for institutional investors, HNIs, and family offices in early April.
• Shortly after, the company partnered with the NFL giants – The Dallas Cowboys – as it became the team’s official cryptocurrency sponsor.