Blockchain.com Has Held Talks to Go Public Via SPAC Deal: Sources
Blockchain.com has reportedly held discussions about a U.S. public listing through a Special Purpose Acquisition Company (SPAC) deal.Summary
Cryptocurrency exchange and wallet provider Blockchain.com has recently engaged in talks regarding a public listing in the U.S. via a SPAC transaction, according to sources familiar with the matter. The company has appointed Cohen & Company Capital Markets to advise on this potential deal, although it is unclear if discussions are currently active. Blockchain.com's valuation has fluctuated significantly, having been valued at $5.2 billion in March 2021, rising to $14 billion the following year, and then settling at $7 billion in November 2023. This move follows a trend of crypto companies seeking public listings, such as Circle, Bullish, and Gemini. Earlier this year, Blockchain.com hired experienced executives, including a new CFO and COO, signaling preparations for becoming a public company when market conditions allow.
(Source：CoinDesk)