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 writing, Coinbase holds over $ 40 billion (AUM) of digital assets between BTC and ETH deposits. In terms of other managed digital assets, the San Francisco exchange recently found 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 finance columnist Frank Chaparro reported that Coinbase would privately sell shares ahead of the IPO.
“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, the CBSE / USD markets on FTX indicate that the Pre-IPO futures have been swapped for USD 272 per share. CBSE is one of the largest token stock markets for FTX, outperforming token stocks of the vaccine company for FTX called 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 assumes that Coinbase “could see a value of 28 billion US dollars”. 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.
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Bitcoin, Bitcoin (BTC), CBSE / USD, Coinbase, Coinbase Futures, Coinbase IPO, Crypto Exchange, Finance, Frank Chaparro, ftx, FTX Pre-IPO Futures, IPO, IPO, Mira Christanto, Nasdaq Private Market , Stocks, shares, trading platform
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