• Crypto News

Coinbase date for the IPO has been set

Coinbase date for the IPO has been set


Coinbase is set to debut on Nasdaq on April 14th. This should ensure broader acceptance of cryptocurrencies as an asset category. The date for Coinbase's IPO, which is eagerly anticipated in the cryptocurrency markets, has been set. The debut on the Nasdaq will take place on April 14th, as Coinbase announced on Thursday. The largest US trading platform for crypto currencies wants to list 115 million shares under the symbol COIN on the Nasdaq, according to the US Securities and Exchange Commission.


However, this is not a regular IPO, but a so-called placement without the support of investments and a prior pricing process. Coinbase benefited greatly from the crypto even before the market opening. The group was recently valued by investors at at least 70 billion dollars. Analysts believe that the IPO could have an overall valuation of more than 100 billion.


Coinbase's leap onto the trading floor is likely to be a milestone on the way to widespread acceptance of cryptocurrencies as an asset. Coinbase was founded in 2012 and is used by more than 45 million people in over 100 countries. With a placement, no syndicate leaders are required, which saves the company high fees. The shares are registered on the stock exchange without the usual pricing procedure.

Coinbase date for the IPO has been set
Coinbase date for the IPO has been set

Quarterly Numbers Shortly Before The IPO


It usually takes a few weeks after the end of a quarter for business to be available. A publication so shortly before an IPO is also unusual. However, the move showed: Coinbase expects the release to provide a tailwind for its debut on the stock.


In other words, the numbers are likely to be strong - which is hardly surprising in view of the ongoing crypto boom in recent months. The Bitcoin price was last at just under 60,000 and thus not too far from its all-time high. Ethereum, in turn, rose above the 2,000 for the first time since February on Friday.


The contents of this article are for informational purposes only and are not investment advice.


#Coinbase #IPO #cryptocurrency

5 views0 comments

Recent Posts

See All