Coinbase, the largest US cryptocurrency exchange, is set to go public through a direct listing on the NAsdaq on April 14. The move will make Coinbase the first major crypto company to go public in the US and is seen as a major milestone for the young industry.
Coinbase was founded in 2012 and has grown to become the most popular crypto exchange in the US. It has over 35 million users and supports over 50 different cryptocurrencies.
In 2018, it had revenue of $1.3 billion and profit of $520 million.
The decision to list on the NAsdaq is a major vote of confidence in cryptocurrencies by a major US exchange. It also underscores the growing mainstream acceptance of cryptocurrencies.
NOTE: WARNING: Coinbase’s direct listing should not be used as a source of financial advice. Be aware that Coinbase’s direct listing is subject to market volatility and other risks. Before investing, seek counsel from a qualified financial professional who can help you understand the potential risks associated with the investment in question. Additionally, always do your own research and read the full terms and conditions before making any financial decisions.
The direct listing will allow current shareholders to sell their shares on the open market, without raising new capital. This is different from a traditional IPO, where a company raises new capital by selling shares to institutional investors at a set price.
The direct listing will also give retail investors easier access to buying Coinbase shares. They will be able to buy shares on the same platform that they use to trade cryptocurrencies.
Coinbase plans to use the proceeds from the listing to invest in its growth and expand its global reach. It is also setting aside $300 million to buy back shares from employees and early investors.
The direct listing is a major milestone for Coinbase and the cryptocurrency industry. It is a vote of confidence by a major US exchange and will give retail investors easier access to buying Coinbase shares.
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It’s no secret that cryptocurrency trading is a 24/7 operation. This can be tough for those just getting started, as the market never sleeps and there are always opportunities for profit – or loss. So, what time does Coinbase market open?
Coinbase, one of the most popular cryptocurrency exchanges, recently went public through a direct listing on the NAsdaq. The company raised over $1.
8 billion in its debut, making it one of the biggest IPOs in recent years. Coinbase is now valued at over $85 billion, making it one of the most valuable companies in the world.
When Coinbase will go public is still up in the air, but there are a few things we know for sure. The cryptocurrency exchange has been tight-lipped about their plans, but they have hinted that an IPO could be on the horizon. In 2018, Coinbase hired a Goldman Sachs executive to help them navigate the world of traditional finance, which could be a sign that they are getting ready to go public.
Pre-IPO, Coinbase was valued at $8 billion. This was based on a price of $343 per share, and there were 23.
4 million shares outstanding. Based on these numbers, the pre-IPO price of Coinbase was $8 billion.
