CertiK Explores IPO with $2 Billion Valuation Target

According to co-founder Ronghui Gu speaking in Davos, the New York-based blockchain security firm is exploring a potential IPO, maintaining a valuation level last seen during its 2022 funding round.

Summary

CertiK, a blockchain security firm founded in 2018 and based in New York, is exploring a potential initial public offering with a target valuation of around $2 billion. Co-founder Ronghui Gu stated in Davos that the company is assessing IPO options. CertiK last raised $88 million in 2022 at the same valuation, with backing from Binance, Coinbase, and SoftBank.

Terms & Concepts
  • IPO (Initial Public Offering): The process by which a privately held company seeks to list its shares on a public stock exchange for the first time.