Fun

Crypto Exchange Giant Coinbase to Sell Shares Privately Ahead of Public Offering

News Feed - 2021-01-25 03:01:44

Crypto Exchange Giant Coinbase to Sell Shares Privately Ahead of Public Offering


According to a recent report, the San Francisco-based cryptocurrency exchange Coinbase is purportedly planning to sell stock on Nasdaq’s private market ahead of the initial public offering (IPO). Coinbase reportedly notified shareholders that they will receive information pertaining to the private sale this week. Reports Indicate That Coinbase May Sell Shares via the Nasdaq Private Market Ahead of the IPO


Coinbase is the biggest digital currency exchange in the United States and one of the largest trading platforms worldwide. At the time of publication, between BTC and ETH deposits, Coinbase holds over $40 billion in digital assets under management (AUM) according to Bituniverse exchange balance ranks. As far as other digital assets under management the San Francisco exchange recently noted it holds $90 billion AUM in cryptocurrencies.


In mid-December, Coinbase announced the confidential filing of an S-1 initial public offering with the U.S. Securities and Exchange Commission. On Friday, the financial columnist from The Block, Frank Chaparro, reported that Coinbase will sell shares privately ahead of the IPO.


“On Monday, January 25 at noon PT you will receive an email from the Nasdaq Private Market with details, including how you can access the market, what shares are eligible for trading, and how the market will function,” a message allegedly sent to Coinbase shareholders detailed. Coinbase Pre-IPO Futures Sees Significant Demand, Estimates Show Crypto Company Could Reach a $20 to $70 Billion Valuation


Rumor has it that Coinbase will leverage the financial institution Goldman Sachs to lead the IPO. Moreover, pre-IPO futures (CBSE) are also trading hands on the crypto exchange platform FTX. At the time of publication, CBSE/USD markets on FTX show the pre-IPO futures swapping for $272 per unit. CBSE is one of the largest tokenized stock markets on FTX outperforming the vaccine company’s token stocks on FTX called Moderna (MRNA).


There have been some different predictions in regards to estimating Coinbase’s overall value after the IPO. An analysis from messari.io analyst Mira Christanto details Coinbase “could see the company valued at $28 billion.” Research compiled by The Block estimates the San Francisco firm could reach a $70 billion valuation.


What do you think about Coinbase selling shares privately via Nasdaq’s private market? Let us know what you think about this subject in the comments section below. Rick and Morty Creator Sells NFT Art Collection for Over $1 Million in Ether NEWS | 3 days ago Biden Administration Reported to Be Lining up a Former Ripple Advisor as the Next Bank Regulator NEWS | 3 days ago Tags in this story Bitcoin, Bitcoin (BTC), CBSE/USD, Coinbase, Coinbase Futures, Coinbase IPO, crypto exchange, Finance, Frank Chaparro, ftx, FTX Pre-IPO Futures, initial public offering, IPO, Mira Christanto, Nasdaq Private Market, shares, Stock, trading platform


Image Credits: Shutterstock, Pixabay, Wiki Commons Use Bitcoin and Bitcoin Cash to play online casino games here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

SEC’s reason for refusing crypto rulemaking ‘does not cut it,’ says Coinbase
Jesse Coghlan5 hours agoSEC’s reason for refusing crypto rulemaking ‘does not cut it,’ says CoinbaseCoinbase delivered an opening brief in a United States appeals court, arguing that the SEC should be forced to “
Veteran Investor Jim Rogers Optimistic About Future of Crypto Money
Veteran Investor Jim Rogers Optimistic About Future of Crypto Money Renowned investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says he ha
Holograph fell 80% in 9 hours after exploiter mints 1B additional HLG
Brayden Lindrea6 hours agoHolograph fell 80% in 9 hours after exploiter mints 1B additional HLGThe 1 billion HLG tokens were worth $14.4 million at the time of the first mint, Etherscan data shows.1451 Total views11 Tota
Mt. Gox moves $2.7B in Bitcoin to new wallet address
Tom Mitchelhill7 hours agoMt. Gox moves $2.7B in Bitcoin to new wallet addressOne of Mt. Gox’s cold wallets just transferred more than 47,000 BTC to an unknown wallet address amid a plan to begin repaying its creditors
Pro-Bitcoin Senator Cynthia Lummis pushes stablecoin bill
Helen Partz13 hours agoPro-Bitcoin Senator Cynthia Lummis pushes stablecoin billPro-Bitcoin Senator Cynthia Lummis is drafting regulations for stablecoins after attacking major stablecoin firm Tether in 2023.20967 Total
New Year Brings Strong NFT Sales, Up 26% in First Week of 2023 With Top 5 Blockchains Seeing Double-Digit Increases
New Year Brings Strong NFT Sales, Up 26% in First Week of 2023 With Top 5 Blockchains Seeing Double-Digit Increases The first week of 2023 saw an upswing in non-fungible token (NFT
Bitcoin’s short-term holder realized price hits $64,000, confirming BTC rally
Nancy Lubale4 hours agoBitcoin’s short-term holder realized price hits $64,000, confirming BTC rallyThis group mainly consisted of those who purchased BTC before and after the approval of the U.S. spot Bitcoin ETF in J
Bitcoin’s transformation from risk asset to digital gold hints at new all-time highs
Marcel Pechman4 hours agoBitcoin’s transformation from risk asset to digital gold hints at new all-time highsBitcoin price is being driven higher by a new set of bullish catalysts.2594 Total views53 Total sharesListen
Microstrategy Scoops up 262 Bitcoin, Treasury Holds 91K BTC at an Average of $24K per Coin
Microstrategy Scoops up 262 Bitcoin, Treasury Holds 91K BTC at an Average of $24K per Coin On March 12, the publicly-listed firm Microstrategy announced the comp
$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies
$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies The United States Department of Justice (DOJ) says it has seized
Helen Partz19 hours agoCoinShares-owned Komainu secures crypto custodian registration in UKKomainu is increasing its presence in the U.K. after agreeing with authorities to store crypto seized during local investigations
SETI, NASA scientists think AI could teach aliens about Earth
Tristan Greene7 hours agoSETI, NASA scientists think AI could teach aliens about EarthThe question is: which model best represents humanity?2463 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto