Blockchain.com is in talks to go public in the U.S. through a SPAC

according to CoinDesk, Blockchain.com has recently been in talks to go public in the U.S. through a special purpose acquisition company (SPAC).

According to insiders, the company has hired Cohen & Company Capital Markets to provide advisory services for a potential SPAC transaction, but it is currently unclear whether the negotiations are still ongoing. Blockchain.com's valuation has fluctuated significantly over the past few years due to market volatility. In March 2021, the company raised $300 million at a post-money valuation of $5.2 billion, and the following year, its valuation soared to $14 billion. However, by November 2023, its valuation had fallen to $7 billion in a $110 million funding round.