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Coinbase is filing to IPO in 2021

7,637 Views | 63 Replies | Last: 2 yr ago by azul_rain
administrative errors
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https://www.marketwatch.com/story/popular-crypto-exchange-coinbase-files-confidentially-to-take-itself-public-as-bitcoin-price-soars-to-record-above-23000-2020-12-17

Quote:

Cryptocurrency exchange Coinbase has confidentially filed to take itself public, the company said in a blog post on Thursday. Coinbase, founded in 2012, submitted a draft registration statement, or S-1, with the Securities and Exchange Commission, to go public. Coinbase has been at the vanguard of those offering retail investors in the U.S. a venue to buy and sell bitcoin and other nascent digital assets. The announcement comes as the company's CEO Brian Armstrong said that it plans on adding longtime Silicon Valley executive Kelly Kramer to its board of directors, following a long tenure at Cisco Systems Inc. CSCO, +0.22%. The company also boasts Marc Andreessen, co-founder and operating partner at Andreessen Horowitz, one of the world's leading venture capital, as a board member. Reuters in July that it had begun the process of exploring a so-called direct listing. By some estimates, Coinbase has a valuation exceeding $8 billion, as of recent valuations. However, its confidential filing also comes as the platform has seen a number of technical glitches in recent weeks as interest in bitcoins and other digital assets has ramped up. Bitcoin's price BTCUSD, +1.90% on Thursday hit an intraday record high above $23,000, coming about three years after its last high near $20,000 in December of 2017.
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Decay
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AG
So the question is, is there a market?

If you're into crypto, will you buy "old fashioned" stock?
If you're a stock trader, is there any incentive to buying into a crypto company, especially if they don't even trade crypto?

I feel like the answer is yes, but I guess this will tell us for sure.
administrative errors
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Ill be buying stock in cb.
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Fightin2010
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AG
I plan to buy this. Exchanges make a killing on the fees especially on high volume days. Yesterday in bitcoin alone Coinbase pro did about $920 million in volume, making a fee on every transaction. They're definitely the leader in on ramp purchasing crypto in the US.
McInnis 03
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AG
Going public to bring in USD to show the world BTC is where it's at.
administrative errors
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McInnis 03 said:

Going public to bring in USD to show the world BTC is where it's at.
its a bridge between primitive and advanced systems, like AOL was/is to people who couldnt grasp the full nature of the internet.

AOL was king for a long time, and we're quickly reaching computer-incompetent masses adopting bitcoin/crypto at many levels.

I wonder if we'll see coinbase's version of free-cd's/service after crypto-ubiquity and think back to the "good-ol days"
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ebdb_bnb
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Surely you're so rich now you'd have no business posting on TAs but here you are.
SMM48
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AG
Sure. Why not.
administrative errors
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Wealth is relative.

Where i am, where i have been, where id like to be, im enjoying the journey.
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Pro Ag
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I want to think they will do well, but as a publicly traded company they really need to fix their availability when things get heavy. It's not even a joke to say that Coinbase is down when there is a $1k swing either way.
administrative errors
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I both agree and disagree.

If they remain the "walled garden" of crypto, then this is a feature not a bug.

There are other entities already out there with their own issues that seem to stay up. Coinbase definitely does not get the sharp end of falling daggers.
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double b
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AG
Any updates with this? What are your thoughts about getting in on their IPO?
ac04
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03_Aggie
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administrative errors said:

Ill be buying stock in cb.


No ***** Never would've guessed.
HelloUncleNateFitch
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I'll get in big at 50bn, I was sure they were going to go for 75-100bn valuation.
Malachi Constant
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AG
What's the date for the ipo?
Hendrix
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AG
I'm in.
bodaciousbood14
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AG
Malachi Constant said:

What's the date for the ipo?
Looks like later this month or early March.
Agvet12
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AG
bodaciousbood14 said:

Malachi Constant said:

What's the date for the ipo?
Looks like later this month or early March.


Good bull will keep a look out
administrative errors
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https://www.axios.com/coinbase-valued-100-billion-direct-listing-9b43e316-7ff7-4f6a-a1db-4dc2481a93ee.html
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AggiEE
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Seeing so many similarities to 2000.

Be cautious.
administrative errors
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https://messari.io/article/coinbase-public-listing-key-highlights-and-valuations?utm_source=newsletter&utm_medium=ATF&utm_campaign=coinbaseval
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administrative errors
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Direct listing today. Who's buying?
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Step 6: long-term planning

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double b
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AG
I'm going to buy some and see how it goes from there.
SidetrackAg
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AG
AggiEE said:

Seeing so many similarities to 2000.

Be cautious.


What you mean?
My Name Is Judge
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SidetrackAg said:

AggiEE said:

Seeing so many similarities to 2000.

Be cautious.


What you mean?


https://en.m.wikipedia.org/wiki/Dot-com_bubble
SMM48
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AG
in

Only problem with the tech bubble comparison. Coinbase balance sheet looks very good. Ebitda llooks solid. Currently a double over last year which was a double over the year prior.

They do list 27 risks to the company, so it's not like they aren't aware of them

Not a prediction on price movement /market cap potential. Just saying their balance sheet looks pretty solid
AggiEE
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FunkyKO said:

in

Only problem with the tech bubble comparison. Coinbase balance sheet looks very good. Ebitda llooks solid. Currently a double over last year which was a double over the year prior.

They do list 27 risks to the company, so it's not like they aren't aware of them

Not a prediction on price movement /market cap potential. Just saying their balance sheet looks pretty solid


The problem is it's anchored to a fugazi
Definitely Not A Cop
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AG
Nah.
SMM48
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AG
To be determined

Half a billion out of gold last week.

Where did it go?
Decay
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AG
AggiEE said:

FunkyKO said:

in

Only problem with the tech bubble comparison. Coinbase balance sheet looks very good. Ebitda llooks solid. Currently a double over last year which was a double over the year prior.

They do list 27 risks to the company, so it's not like they aren't aware of them

Not a prediction on price movement /market cap potential. Just saying their balance sheet looks pretty solid


The problem is it's anchored to a fugazi
BTC is worth more than the British Pound
AggiEE
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Decay said:

AggiEE said:

FunkyKO said:

in

Only problem with the tech bubble comparison. Coinbase balance sheet looks very good. Ebitda llooks solid. Currently a double over last year which was a double over the year prior.

They do list 27 risks to the company, so it's not like they aren't aware of them

Not a prediction on price movement /market cap potential. Just saying their balance sheet looks pretty solid


The problem is it's anchored to a fugazi
BTC is worth more than the British Pound


Okay. Speculative manias happen, it doesn't disprove my point
ac04
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fortunately these speculative manias seem to happen every four years (almost like they were programmed in ahead of time) and lead to sustained exponential growth.

AggiEE
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ac04 said:

fortunately these speculative manias seem to happen every four years (almost like they were programmed in ahead of time) and lead to sustained exponential growth.




Awesome, someone invented the perpetual money making machine
ac04
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they invented a provably finite asset whose decreasing issuance schedule and total supply cannot be changed. it caught on and the demand is growing exponentially thanks to metcalfe's law. you can call it whatever you like.
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