Blockchain.com has confidentially submitted a draft registration statement to the US Securities and Exchange Commission for a proposed initial public offering. The move comes as the long-running crypto exchange explores going public amid shifting market conditions.
Blockchain.com said it confidentially filed paperwork with the SEC for the IPO. The number of shares to be offered and the proposed price range have not yet been determined, according to an announcement on Thursday. A confidential filing allows the company to begin the regulatory review process before publicly disclosing financial details. The IPO remains subject to market conditions and completion of the SEC review process.
