Blockchain.com is seeking about $500 million in a U.S. IPO at a $4 billion to $6 billion valuation, Bloomberg reported, against a $14 billion peak in 2022. Most of that discount was already taken in a private round in 2023.
Reality
- Evidence40
- Adoption
- Insufficient
- Hype gap+10
- Incentives
- Insufficient
- Confidence45
Bloomberg reports Zipline is in early talks for about $1bn at roughly $20bn, with Paradigm, a shareholder since March, in line to lead. That is 2.6 times the $7.6bn its Series H set in January.
Reality
- Evidence42
- Adoption52
- Hype gap+30
- Incentives72
- Confidence45
The company's own number is SRAM as dense as 2nm or 3nm logic with no extreme ultraviolet lithography, and what publicly backs it is two years of mini-fab runs inside a GlobalFoundries plant in Singapore.
Reality
- Evidence36
- Adoption22
- Hype gap+38
- Incentives80
- Confidence54
Kepler Computing has $468mn, up to $245mn committed by the US Commerce Department, and mini fabs running inside GlobalFoundries, which is more than most memory startups get and still short of anything a buyer can schedule against.
Reality
- Evidence45
- Adoption18
- Hype gap+38
- Incentives80
- Confidence48
The largest index fund managers did not file, so the only investor positions on record for widening non-accelerated filer relief come from pension funds, a few asset managers and a fund trade group that wants pay disclosure kept.
Reality
- Evidence58
- Adoption
- Insufficient
- Hype gap+24
- Incentives62
- Confidence56
A $320 million Series H values the payments company at $11 billion on an autonomous-finance story. Its president says it is still "not the best time" for an IPO.
Reality
- Evidence42
- Adoption44
- Hype gap+34
- Incentives76
- Confidence55