Coinbase, which is registered in San Francisco, USA, has finally filed to public with a direct listing, which analysts say may increase the company’s valuation to the impressive 100bn dollars.
That, in turn, means that Coinbase could go public with the highest valuation possible for a tech company in the US since Facebook.
The company last raised funds in 2018, and back then its valuation reached 8 billion US dollars from a little over 1.6 billion US dollars the previous year.
Coinbase, however, is pushed further up by the euphoria that currently surrounds the cryptocurrency market, what with Bitcoin and Ethereum shooting for the moon for the past few months.
Coinbase shares will be traded on Nasdaq under the ticker symbol COIN. They announced these plans back in December.
I am fascinated to see where this will go and which will be the next crypto company to go public like that.