Following the registration of the draft S-1 form for the initial public offering (IPO) of the San Francisco-based cryptocurrency exchange, there are reports that Goldman Sachs may lead the IPO. In addition, there are rumors that the digital currency trading platform FTX will launch the Coinbase futures market before its public listing.

  • Two days ago, on December 17, 2020, Coinbase announced the submission of registration documents to the US Securities and Exchange Commission (SEC). “The S-1 form is expected to take effect after the SEC completes the review process, but it depends on the market and other conditions,” the San Francisco Exchange detailed.
  • The latest analysis by messari.io analyst Mira Christanto shows that the company recently changed board members, including former Cisco CFO Kelly Kramer, Google veteran Gokul Rajaram and venture capitalist Marc Andreessen. Christento said that the final preparations for the IPO “may bring the company’s valuation to $28 billion.”
  • Business Insider’s financial columnist Meghan Morris revealed that Coinbase will use financial institution Goldman Sachs to lead the IPO. Two industry sources allegedly confirmed the Goldman Sachs transaction, but the San Francisco Exchange has not confirmed this choice.
  • Barry Silbert, founder of Digital Currency Group, was satisfied with Coinbase’s filing announcement and posted a tweet about registration on Thursday. “Due to Coinbase’s initial public offering, the acquisition price of a bunch of crypto companies will go higher,” Silbert Tweet His 242,000 social media followers.
  • According to a report released by Coindesk, FTX CEO Sam Bankman-Fried told reporters that if Form-1 is approved by US regulators, the team plans to launch Coinbase IPO futures.
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  • FTX has launched a pre-IPO futures market for Airbnb and has also created futures for the presidential elections of Trump and Biden. Bankman-Fried told reporter Zack Voell that Coinbase’s futures offering may be “soon” or “never happen” before the IPO.
  • The exchange Coinbase was launched in 2012 and is one of the most popular digital asset providers in the world. In 2017, Coinbase gained unicorn status, and the company’s market value reached US$8 billion in 2018.

What do you think of Coinbase’s initial public offering (IPO) and the IPO led by Goldman Sachs? What do you think of FTX’s pre-IPO futures? Let us know your thoughts on this topic in the comments section below.

Tags in this story

Barry Silbert, Coinbase, Coinbase IPO futures, finance, financial institutions, Financial Times (FTX), FTX Exchange, Goldman Sachs, Initial Public Offering (IPO), Megan Morris (Meghan Morris), Messari.io, Mira Christanto, Pre-IPO Futures, Sam Bankman-Fried, San Francisco Exchange, SEC, US SEC , Zack Voell

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