Coinbase’s IPO is scheduled for April 14th. The quarterly figures are published a few days in advance. Experts believe a valuation beyond $ 100 billion is possible.
The IPO of the largest US crypto exchange Coinbase is taking shape. As announced in a blog post, the US Securities and Exchange Commission declared Form S-1 effective on April 1, 2021. Coinbase expects its Class A common stock to begin trading on April 14, 2021, on the Nasdaq Global Select Market under the ticker symbol “COIN”. Instead of a classic IPO, one chooses the route of a direct listing (DPO).
The figures from the first quarter of 2021 will be presented on April 6, just under a week before the targeted listing. This schedule is quite unusual. This means that investors only have a few days to determine how much the Coinbase shares should de facto be worth.
Given the massive price gains in the crypto sector, it can be assumed that the quarter will be the most successful for Coinbase to date. After all, the vast majority of revenue comes from commissions.
In a regulatory filing, Coinbase announced that the average price of its shares sold in private transactions between January 1 and March 15 was $ 343.58. Using these numbers as a basis, it adds up to an overall valuation of $ 68 billion. If the quarterly figures are very good, however, the price per share should be higher. Some observers even believe that a market capitalization of 100 billion US dollars is possible.
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