Paypal's market cap is around $300 billion. Coinbase at $77 billion could be reasonable with cryptocurrencies future growth potential priced in. Coinbase is basically the crypto version of paypal. I would expect both assets to perform in similar fashion over the long term.
Bitmain tried for an $18 billion IPO back in 2018 which was cancelled. Then revived in 2019. Now I'm not certain what the status of it is.
Paypal is totally dominating the electronic payments fiat market.I don't see any Paypal competitor coming even close to Paypal,in terms of active users.Skrill is the biggest Paypal competitor,but who the hell uses Skrill nowadays.Only online casino and sports betting websites are accepting Skrill.
Coinbase has a few big competitors in the crypto industry and I don't consider Coinbase being the best cryptocurrency exchange platform in the business.
This IPO is definitely overvalued.
