Coinbase has filled for going public - page 2.

The Sceptical Chymist

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Quote from: teosanru on February 25, 2021, 03:11:15 PM

Moreover I see this as an indirect crypto investment.

I don't any more than I see buying Amazon stock as indirectly investing in Nike (or anything they sell).

It is indeed interesting news, however--and I'm taking OP at his word that it's true since I haven't verified it. I don't think there are any other publicly-traded exchanges of any type, or at least I can't think of any. As far as whether their stock is worth investing in, it depends on how profitable they are. I've never seen any reports about that (not surprising since they never had to file any such reports), but I bet they make a pretty decent chunk of change unless they somehow have a lot of overhead.

This will definitely be a stock that I'll put on my watch list once they finally get listed. Betcha there'll be a ton of buying on IPO day.

Quote from: magneto on February 25, 2021, 05:04:27 PM

What's interesting is that
a) They are not conducting a IPO

No? I thought when you get listed on a stock exchange, the initial stock sold to the public is the IPO.

Twentyonepaylots

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This is the only way to completely work under most government's noses without being subjected to banning. I do not know if such filling will give rise to newer problems and issues yet to be experienced when it is still a decentralized exchange but the benefits are there. Kinda weird that they did not set up a physical address or HQ of some sorts.

TimeTeller

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Quote from: magneto on February 25, 2021, 05:04:27 PM

What's interesting is that

a) They are not conducting a IPO and
b) They have no physical HQ address on their prospectus.

Essentially, this is a direct listing that will allow the owners (Armstrong and co.) to sell their shares probably at exorbitant valuations. With crypto exchanges being one of the easier financial markets for new businesses to penetrate with very low entry barriers compared to traditional high finance, it would be a risky equity issue to hold for the long run imho.

Maybe they don't need to hold IPO anymore because they have more than enough funds.
About having physical HQ, I think you have read this blog from coinbase.

https://blog.coinbase.com/coinbase-is-a-decentralized-company-with-no-headquarters-a9762c02546

It is too early to speculate on how they will do things here.
But yes, that's a valid point that somehow, it may possibly happen in the future.

batang_bitcoin

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Being them going public, they should also upgrade the customer service and experience that many have been complaining about.

Quote from: aoluain on February 25, 2021, 04:37:58 PM

This news in the eyes of institutional investors is another reason to get involved
in Bitcoin and crypto.

Yes, this is what we can extract from this news. Exposure, institutions, and even normal folks that still doubt bitcoin.

magneto

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What's interesting is that

a) They are not conducting a IPO and
b) They have no physical HQ address on their prospectus.

Essentially, this is a direct listing that will allow the owners (Armstrong and co.) to sell their shares probably at exorbitant valuations. With crypto exchanges being one of the easier financial markets for new businesses to penetrate with very low entry barriers compared to traditional high finance, it would be a risky equity issue to hold for the long run imho.

aoluain

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This news in the eyes of institutional investors is another reason to get involved
in Bitcoin and crypto.

Because the SEC has given Coinbase a green light for this the stigma which some
financial institutions put on Bitcoin is slowly being removed and this is another
step.

We are certainly going to see more and more investment, this move helps.

teosanru

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Quote from: paxmao on February 25, 2021, 01:34:36 PM

Coinbase has filled the paperwork to become a publicly traded company. Contrary to other exchanges, that operate with a certain secrecy even "in the dark", Coinbase had followed a compliance strategy focused on gaining the trust of the traditional finance world that allows the company to now file to go public. This paves the way further for the institutional money to enter the BTC world.

Interesting news. and more interesting part is SEC allowing it to do the same. Moreover I see this as an indirect crypto investment. The retailers who can't buy cryptocurrencies can easilly buy Coinbase share now as the major operations of Coinbase is just as a crypto exchange and nothing else. Moreover an interesting thing to see would be the reponse it gets in the market. The markets are in sort of a bullish phase so I expect a huge subscription to the IPO. The current valuation of coinbase has been around $100Billion & being an emerging company which is showing profits too this is a good investment for any retail investor.

avikz

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Coinbase has been planning for it since last year. But they couldn't do it due to Covid-19 situation. But finally they have done it! It's a big news for the crypto market because coinbase is a company built around cryptocurrency that is going public. Probably it will attract more institutional interest around crypto, but that time will tell!

But I am happy because Coinbase can set an example to the world that cryptocurrency is a serious business and certainly not a threat to the economy.

paxmao

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Coinbase has filled the paperwork to become a publicly traded company. Contrary to other exchanges, that operate with a certain secrecy even "in the dark", Coinbase had followed a compliance strategy focused on gaining the trust of the traditional finance world that allows the company to now file to go public. This paves the way further for the institutional money to enter the BTC world.

Edited to add link as per some user´s request.

Topic: Coinbase has filled for going public - page 2. (Read 220 times)