Blockchain.com Tests a Cold IPO Market After Kraken, Ledger Paused
BeInCrypto
Blockchain.com has confidentially filed for an IPO, entering a cautious market as competitors like Kraken and Ledger pause their own public offering plans.Summary
Blockchain.com has submitted a confidential draft registration statement for an initial public offering (IPO) with the US SEC. Despite having a significant user base and three years of adjusted profitability, the firm is attempting to list during a period of market uncertainty.
This move contrasts with industry peers Kraken and Ledger, both of which have recently paused their IPO ambitions due to unfavorable market conditions and investor risk aversion. Blockchain.com's success will likely depend on broader crypto market recovery and investor appetite for new listings.
(Source：BeInCrypto)