Another Crypto Company Has Filed For IPO, But It’s Not Ripple
Crypto exchange Blockchain.com has confidentially filed for a U.S. IPO with the SEC, joining other crypto firms like Kraken and Grayscale in seeking a public listing. This confidential filing initiates a regulatory review process lasting several months, potentially allowing the company to time its listing with a market recovery. Blockchain.com has not yet disclosed share details or pricing.
Meanwhile, Ripple CEO Brad Garlinghouse has stated the company has no immediate plans for an IPO, focusing instead on institutional adoption. Ripple's current valuation is estimated at around $50 billion. The article notes that other companies, including SpaceX, are also pursuing public offerings.
bitcoinist05/23 16:01
