Coinbase reportedly hits pre-IPO valuation of $100 billion in private auction
The major exchange is inching closer to a public offering. Prominent Bitcoin (BTC) and cryptocurrency exchange Coinbase could be headed for an IPO valuation of $100 billion, after shares reportedly sold for up to $375 each in a private auction.Shares in Coinbase Global Inc. reportedly traded for a price between $350 and $375 per unit on the Nasdaq private auction market last week, giving the company a pre-IPO valuation of between $90–$100 billion, according to a report by Bloomberg. Trading reportedly ended with the share price at $350.A Coinbase series E funding round in 2018 first saw....
Related News
The San Francisco-based company could be the first crypto exchange to go public in the United States. U.S.-based crypto exchange Coinbase says it anticipates going public with a direct stock listing in two weeks.According to a Coinbase blog today, the U.S. Securities and Exchange Commission, or SEC, has declared the crypto exchange's S-1 registration for a public offering effective. Coinbase's Class A common stock is expected to trade on the Nasdaq Global Select Market under the ticker symbol "COIN" on April 14. The crypto exchange had previously been expected to go public in March, but....
After its first day of trading as a publicly-listed company, cryptocurrency exchange Coinbase settled at a $85.7 billion valuation.
Cryptocurrency exchange Coinbase released a new statement on Monday stating that it would sell $1.25 billion in a private debt offering. “Coinbase Global, Inc. (“Coinbase”) (Nasdaq: COIN) today announced its intention to offer, subject to market conditions and other factors, $1.25 billion aggregate principal amount of Convertible Senior Notes due 2026 (the “notes”) in a […]
Crypto derivatives exchange FTX is raising a funding round with a private valuation just north of $20 billion. Per The Block, the exchange is reportedly looking for funding anywhere from $400 million to $1 billion. The latest funding raise would be used to expand FTX’ exchange offerings beyond cryptocurrencies in light of competitors venturing into […]
Crunching the numbers: Analysts and industry experts weigh in on crypto firms like Coinbase and Kraken being valued in the billions. Cryptocurrency and blockchain firms are attracting billion-dollar valuations as the space continues to see major investment in 2021. The likes of exchanges Coinbase and Kraken have had mind-boggling numbers attached to their plans to raise funds, with the former set to go public through a direct listing and the latter preparing for a lucrative fundraising round.Since it formally announced its plans for a public listing, Coinbase has been tipped to be valued....