Coinbase & Ripple ready for IPOs? Who else in Fintech will go IPO?
What do you think? Is this good for the broader crypto market? I'm thinking this maturation of the market helps the space overall.
Check out the video on this topic:
https://www.youtube.com/watch?v=Vmw_kLKfPYACoinbase, founded in June 2012 by Brian Armstrong and Fred Ehrsam, is a leading cryptocurrency exchange and wallet platform headquartered in San Francisco. As one of the world’s largest cryptocurrency exchanges they are said to be preparing to list on the U.S. stock market sometime in early 2021.
Sources speaking to Reuters said Coinbase had already begun the process for a listing; it isn’t clear on which exchange venue this would take place.
Rather than an initial public offering, it’s said the firm would prefer to go down the route of a direct listing on an exchange.
The Securities and Exchange Commission would have to approve Coinbase’s listing application.
Should it be approved, Coinbase would be the first crypto exchange to go public in the U.S.
The company was valued at $8 billion at its last funding round in 2018. Check out the video on this topic:
https://www.youtube.com/watch?v=Vmw_kLKfPYA