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Coinbase gets ready for its IPO and what it means for Crypto?

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Written by   83
1 year ago
Topics: Blockchain, News, ETH, Altcoins, Investing, ...

By turning into public, Coinbase ”will set a precedent approximately how crypto businesses need to be run,” professionals said.

On Dec 17, 2020, United States largest Cryptocurrency Exchange Coinbase announced that it plans to officially go public, sending ripples throughout the crypto-sphere.

Messari researcher Mira Christanto told that "Depending on market conditions and the continued positive momentum of crypto, Coinbase may list at the high-end valuation of $32 billion, though we believe $28 billion is a fair valuation".

Coinbase is the first in the digital assets focused company to go public and through an Initial Public Offering(IPO). Coinbase may doubtless set a brand new standard for the entire industry, some consultants noted.

“This is a major milestone for the crypto industry and a brand new degree of monetary legitimization. It confirms the Industry is maturing and bringing strong gamers beneath the spotlight,” Ohayon CEO of keyless Bitcoin wallet ZenGo told Decrypt, adding, “This is a validation that crypto isn't always pretty much a few hypothesis sports commenced with the aid of using a few passionate tech geeks in a garage.”

He also added that "considering Coinbase is a full-blown commercial enterprise that gives a large number of offerings to purchasers and Institutions alike, turning into a public enterprise might permit each person to “put money into crypto while not having to put money into crypto.”

In a web blog post posted on Dec. 18, San Francisco- based Coinbase announced that it had filed files with the US Securities and Exchange Commission (SEC) to move public.

  • Coinbase submitted a draft registration announcement on Form S-1 with the SEC; as soon as approved, the utility becomes effective “after the SEC completes its assessment process, concern to the marketplace and different conditions”

  • Reuters mentioned in Jul. 2020 that the agency might be going public, though unknown whether or not it will likely be an IPO or direct listing

  • Valued at $8 billion in 2018, Coinbase is taking steps to keep away from drawing the ire of economic authorities; the submitting will nonetheless need to byskip the scrutiny of the SEC, which has intensified its assessment of the cryptocurrency marketplace with several lawsuits

  • The submitting completes an eventful yr for Coinbase, which has doubled down on compliance and confronted controversy over allegations of racism

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Comments

So, everyone is saying IPO this and IPO that, but I'm not sure what IPO means... If I understand correctly, it means that the company will list its stocks to public for anyone to buy?

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1 year ago

I hope I have cleared your doubts if u have any thing other than that feel free to ask again I am ready to help

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1 year ago

Exactly the company list its stock for the public but there are two methods to do that listing

  1. The First one is to directly list the stocks on the open market and let the market determine their values and what the stocks worth are
  2. The second method its to first offer IPO which stands for Initial Public Offering what it means is prior to listing the stock on the open market they will set a value for every stock based on the company's valuation (that is what the company's total worth will be) and will let private investors like u and me to buy the stocks directly from the company at a fixed price offered by the company before listing the stocks on the market. In this way u can buy more stocks without raising its price like when u buy in the open market. Usually, an IPO typically runs for a few weeks after that it will go public
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