Coinbase Going Public
The performance of several big name IPOS this year has been nothing short of extraordinary. With Airbnb skyrocketed over 100%, for example, who will be the next big name to make the move?
Coinbase, the largest crypto exchange in the United States announced last week that they are going public. The draft registration statement on Form S-1 was just sent to the SEC so Invstr’s will have to wait for their review before hearing about any more specifics.
The timing has been deemed interesting by some as leading cryptocurrency Bitcoin reached new, all-time highs last Thursday. Reaching a price of $23,000, the coin rallied up 12% that day.
Where things will go from here is something Invstr’s should investigate on their own, but as for the quality of Coinbase as a company and its potential future prospects, is this something you’ll be adding to your watchlist?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.