Blockchain.com reportedly prepares $500 million IPO at up to $6 billion valuation

Blockchain.com is seeking to raise about $500 million in an IPO, according to people familiar with the matter. The company is targeting a valuation of $4 billion to $6 billion, according to those sources. Blockchain.com is telling prospective investors it wants to go public this year, Bloomberg reports. The company would consider raising less if needed, according to the sources. Talks are ongoing and the plans could change. Blockchain.com declined to comment. The company operates a crypto exchange and provides wallets. Unnamed sources said Blockchain.com has been profitable for the past three years.