Overview
- Bloomberg reported on Sept. 29 that Blockchain.com is pitching investors on raising roughly $500 million in a U.S. IPO with a target valuation between $4 billion and $6 billion, though the company has not confirmed those figures.
- The firm began the regulatory process when it confidentially filed a draft Form S‑1 with the U.S. Securities and Exchange Commission on May 21, 2026, which lets it get SEC feedback before any public prospectus is released.
- Blockchain.com highlighted scale and profitability in its IPO narrative, citing about 95 million wallets, roughly 43–44 million confirmed accounts and more than $1.1–$1.2 trillion in lifetime transaction volume alongside adjusted profits in recent years.
- On Sept. 23 the company signed a memorandum of understanding with the New York Stock Exchange to explore tokenized U.S. stocks and ETFs, a plan that would need major compliance work and regulatory approvals before launch.
- The target valuation would be a material markdown from the company’s $14 billion 2022 peak and its reported ~ $7 billion 2023 round, and any final deal size, timing and share counts can change based on SEC feedback and public-market appetite.