Chia Startup Valuation Stands at $500 Million, Considering Going for IPO
May 25 2021 · 11:02 UTC | Updated
May 25 2021 · 13:41 by Patrick Kariuki · 3 min read
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Chia eyes an IPO in the course of the year. If presented with a lucrative SPAC deal the company wouldn’t shy away from exploring the opportunity.
Chia Inc, a blockchain digital assets network, founded by Bram Cohen, BitTorrent‘s founder, has seen its valuation doubling to $500 million after having additional funding to a tune of $61 million. The company sourced its funds through some of the industry’s key players including Andreessen Horowitz, and Richmond Global. Now there are talks that Chia may go for an IPO.