According to a recent report, San Francisco-based cryptocurrency exchange Coinbase reportedly plans to sell shares in Nasdaq’s private market before going public. Coinbase reportedly notified shareholders that they will receive information on the private sale this week.
Coinbase has reportedly been able to sell shares on the Nasdaq Private Market prior to going public
Coinbase is the largest digital money exchange in the US and one of the largest trading platforms in the world. At the time of publication between BTC and ETH Coinbase has over $ 40 billion in deposits in managed digital assets (AUM). As far as other managed digital assets are concerned, the San Francisco Exchange recently noted It holds $ 90 billion worth of cryptocurrencies.
In mid-December, Coinbase announced the confidential filing of an S-1 IPO with the US Securities and Exchange Commission. On Friday, The Block financial columnist Frank Chaparro, reported that Coinbase will privately sell shares prior to going public.
“On Monday, January 25th at 12:00 noon (local time) you will receive an email from the Nasdaq Private Market with information on how to access the market, which stocks will be admitted to trading, and how the market will work.” It says in a detailed report allegedly sent to Coinbase shareholders.
Coinbase pre-IPO futures are seeing significant demand, with estimates suggesting the Crypto Company could reach a valuation of $ 20 billion to $ 70 billion
Rumor has it that Coinbase will use financial institution Goldman Sachs to lead the IPO. In addition, Pre-IPO Futures (CBSE) also trade on the FTX Crypto Exchange platform. At the time of publication CBSE / USD markets On FTX, the pre-IPO futures are exchanged for USD 272 per share. CBSE is one of the largest token stocks on FTX, outperforming the vaccine company’s token stocks on FTX Moderna (MRNA).
There have been a few different predictions regarding how Coinbase will estimate its total value after going public. An analysis by Messari.io analyst Mira Christanto details Coinbase “could see the company is worth $ 28 billion.” research The Block estimates the company could reach a valuation of $ 70 billion in San Francisco.
What do you think of Coinbase, which is privately selling shares through Nasdaq’s private market? Let us know what you think on this matter in the comments section below.
Photo credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or an invitation to make an offer to buy or sell, or a recommendation or approval of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use or reliance on the content, goods or services referred to in this article.