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Coinbase has applied for an IPO with the SEC. This firm has chosen to go direct to Nasdaq and has applied for its shares to be listed on the Nasdaq. The company has submitted a Form S-1 Registration Statement for its IPO to the SEC on Thursday.
- Coinbase filed Form S-1 Registration Statement for its IPO with the SEC on Thursday. COINBASE states that is currently has “approximately 43 million retail users, 7,000 institutions, and 115,000 ecosystem partners across over 100 countries.”
- By Dec. 31, 2020, the platform will have executed $456 billion in trading volume and stored over $90 billion worth of assets.
- May 2020, the company will become a “remote-first company,” according to the company’s website. Class A common stock “on the Nasdaq Global Select Market under the symbol COIN.”
- Coinbase states that it currently has “approximately 43 million retail users, 7,000 institutions, and 115,000 ecosystem partners in over 100 countries.” According to Axios, “The latest batch of 127,000 shares was sold for $373, translating to a $100.23 billion valuation.” In May 2020, the company became “a remote-first company,” which means, “we do not maintain a headquarters.”
- Moreover, Coinbase’s valuation jumped to more than $100 billion ahead of the IPO. For their revenue, Coinbase reported: “Since our founding in 2014 through December 31, 2020, we will have generated over 3 billion dollars in total revenue mainly from transaction fees generated by institutional and retail users on our platform. On FTX exchange, Coinbase’s (CBSE) pre-IPO contract soared when the SEC filing news broke but has since retreated slightly.
- According to the company’s IPO statement, “We want to be viewed as an emerging company – which is defined as an entity with low revenue, high growth potential, and a significant possibility of expanding its enterprise value.” In your opinion, how does Coinbase’s IPO sound?
- Please let us know in the comments section below.
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Disclaimer: The company nor the author are responsible directly or indirectly for any damage, loss, or cost incurred, directly or indirectly as a result of or in consequence to the use of any content, item or service mentioned in this article. Read our disclaimerShow comments . Bitcoin.com does not provide investment, tax, legal, or accounting advice. The company has applied to have its shares listed on Nasdaq. Coinbase has filed its Form S-1 Registration Statement for its IPO with the SEC on Thursday.
