Coinbase – NASDAQ direct listing

Coinbase – NASDAQ direct listing

The most anticipated public debut of 2021 is happening tomorrow

One of the most expected public listings of 2021 will finally happen. The leading cryptocurrency exchange in the US, Coinbase, announced that it would go public via a direct listing. This method has been used by companies such as Spotify, Palantir, and Roblox. The direct listing will allow the current stockholders of Coinbase to convert their shares to make them available for trading.

Coinbase is the largest cryptocurrency exchange in the U.S. that runs without an official physical headquarter. It was founded in 2012 by Brian Armstrong and Fred Ehrsam. It operates in more than 100 countries, listing about 50 cryptos for trading. The company started gaining recognition for being a place where crypto enthusiasts could buy and sell digital coins. It offers an exchange platform and a digital wallet to store it in.

Based on the shares sold in private markets, some analysts value Coinbase in the range of $70 billion to $90 billion, while others go as high as $100 billion. If the last value is correct, Coinbase would be the 13th most valuable financial services company in the US, only $12 billion behind Goldman Sachs.

Trade the Coinbase direct listing with CAPEX.com through one of the most popular ways - CFDs!

Ahead of its public debut, Coinbase released its preliminary for the first quarter of 2021. Revenue came in at $1.8 billion, ninefold higher than the $190.6 million posted during the same time last year. Moreover, the number of users increased more than 30% in the past three months, bringing the total to 56 million. Monthly transactions also had an upward trajectory, reaching 6.1 million, 118% higher than the one reported at the end of 2020.

Coinbase's shares will begin trading on NASDAQ on April 14 under the ticker COIN. According to its SEC filing, Coinbase has listed 114,850,769 shares without mentioning the proposed price. Goldman Sachs, JP Morgan, Allen & Co., and Citigroup are acting as financial advisors.

Find out more by accessing our dedicated IPO page on CAPEX.com!

Sources: sec.gov, thefool.com, fortune.com

La información presentada aquí está preparada por CAPEX.com y no pretende constituir un asesoramiento de inversión. La información aquí se proporciona como una comunicación general de marketing con propósitos solo de información, y como tal, no se han preparado de acuerdo con los requisitos legales diseñados para promover la independencia de un estudio de inversión, y no está sujeto a ninguna prohibición para hacer frente con antelación a la diseminación de los análisis de inversión.

Los usuarios / lectores no deben confiar únicamente en la información presentada aquí y deben hacer su propia investigación / análisis leyendo también la investigación subyacente real. El contenido adjunto es genérico y no tiene en cuenta las circunstancias personales, la experiencia de inversión o la situación financiera actual.

Por lo tanto, Key Way Investments Ltd no aceptará ninguna responsabilidad por las pérdidas de los comerciantes debido al uso y el contenido de la información presentada en este documento. El rendimiento pasado no es un indicador confiable de resultados futuros.