CBSE - Coinbase going public '21, already trading at 60B pre-IPO

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by whisperer, Dec 23, 2020.

  1. whisperer

    whisperer New Member

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    Coinbase will go public in 2021. Expected for Q1.
    Coinbase one of the main exchanges for cryptocurrencies in the USA. They are 'selling shovels' during the goldrush.

    "Coinbase was valued at more than $8 billion in 2018 after a $300 million funding round led by Tiger Global Management. The company, started in 2012, has raised more than $500 million from backers that also include Andreessen Horowitz, Y Combinator and Greylock Partners, according to its website. Coinbase said it has has more than 35 million verified users in more than 100 countries and more than $25 billion in assets on its platform."

    If you are a little bit tech-savvy you can already get in through so-called preipo contracts see: https://np.reddit.com/r/CryptoCurre...t_ik_before_wall_street_the_coinbase_pre_ipo/


    That said 60B is an extreme value. Too much I would say.
    I still think it is a good play upto actual IPO day. Short term: long, long term: short. I expect this to be one of the biggest IPOs of 2021. Recently traditional media have been spending more and more attention to bitcoin and crypto, so their audiences are warmed up and afraid to miss out.

    The Pre IPO is not open for US Citizens. US Citizens might take a look at EquityZen.

    "CM-Equity is fully regulated in Germany, and is a licensed financial institution permitted to offer these products. All FTX users who trade tokenized stocks may also have to become customers of CM-Equity, and pass through CM-Equity's KYC and compliance. Furthermore, all trading activity may be monitored for compliance by CM-Equity. CM-Equity custodies the equities at a third party brokerage firm. CM-Equity (not FTX Trading LTD) provides the brokerage services. In order to trade tokenized stocks on FTX, you must be at least KYC level 2. Once you are, you can go to your tokenized stocks KYC page to submit your information to CM-Equity. You must also not be a member of one of FTX's restricted jurisdictions, including the United States; FTX collects KYC documents and IP addresses from its users. FTX does not operate in its restricted jurisdictions."

    The preipo contracts will convert to tokenized shares at the end of IPO day. The tokenized shares are backed 1 on 1 by the actual shares. If Coinbase for whatever reason does not go public before 21st of june 2022 (1.5 year from now) the contracts will be cash settled at 32 USD.
     
    #1 whisperer, Dec 23, 2020
    Last edited: Dec 23, 2020

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