Coinbase, which was most recently valued at US$8 billion, is reportedly looking at hiring investment banks and law firms for a listing this year or early next. (Reuters)
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Coinbase, which was most recently valued at US$8 billion, is reportedly looking at hiring investment banks and law firms for a listing this year or early next. (Reuters)
Talking point: Coinbase is the third major startup this week to explore going public, following on Ant Financial’s reported US$200-billion-plus bid and Palantir’s initial registration. The flurry comes as equity markets are four months on from their pandemic-induced crash. Coinbase is considering a direct listing, an option pursued in recent years by some cash-rich firms like Spotify and Slack. Coinbase has raised US$500 million so far. The firm faces unique challenges in going public, though. It would need approval from the U.S. Securities and Exchange Commission, which has launched a number of investigations into cryptocurrency firms.
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