TODAY, THE MOST ACCLAIMED IPO IS HAPPENING!
Coinbase is the talk of Wall Street [and main street – AND YOU & I], as the largest crypto platform in the U.S. goes public today, Wednesday. Today na today!!!
This is definitely a big deal for cryptocurrencies – to say the least. The company was created just over a decade ago with the genesis of bitcoin BTCUSD and is now in the midst of a moment that many in the industry have described as a tipping point. Coinbase’s users primarily deal in bitcoin and ethereum. The company reported last week that its revenue soared 847% in the first quarter to $1.8 billion, and that it now has 56 million verified users. HAMAZINGGG
Leeor Shimron, analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. “Coinbase’s direct listing is a watershed moment for the crypto industry.” Wedbush analyst Dan Ives also said the listing is a reflection of the crypto’s mainstream evolution. He said “Coinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of Bitcoin and crypto for the coming years in our opinion.”
Some Quick FAQs
- What is Coinbase?
- The Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform as chief executive. Fred Ehrsam, a Coinbase director, also helped to create the company.
- When will Coinbase go public? AKA When do we start buying?
- TODAY!!! Coinbase is listing on April 14. The precise timing of the list isn’t clear but perhaps somewhere around afternoon Eastern Time.
So… perhaps anytime from 5pm WAT
- Where will it list?
- NASDAQ, under the ticker symbol “COIN”
However, it will be a direct listing, meaning it isn’t raising any new money, as a company would under a traditional IPO.
Coinbase is Nasdaq’s first major direct listing by the way.
- At What Valuation O?
- NASDAQ gave Coinbase a price of $250 a share on Tuesday evening, which values it at over $65 billion.
DAYUMMM!!!
- Will It Be Listed On Trove?
- YOU BET!!! Get in Here!
…yea, you’re welcome 🙂
