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According to a recent report, the San Francisco-based cryptocurrency exchange Coinbase is purportedly planning to sell stock on Nasdaq\u2019s private market ahead of the initial public offering (IPO). Coinbase reportedly notified shareholders that they will receive information pertaining to the private sale this week. <\/strong><\/p>\n Coinbase<\/a> is the biggest digital currency exchange in the United States and one of the largest trading platforms worldwide. At the time of publication, between BTC<\/a> and ETH<\/a> deposits, Coinbase holds over $40 billion in digital assets under management (AUM) according to Bituniverse exchange balance ranks. As far as other digital assets under management the San Francisco exchange recently noted<\/a> it holds $90 billion AUM in cryptocurrencies.<\/p>\n In mid-December, Coinbase announced<\/a> the confidential filing of an S-1 initial public offering with the U.S. Securities and Exchange Commission. On Friday, the financial columnist from The Block, Frank Chaparro, reported<\/a> that Coinbase will sell shares privately ahead of the IPO.<\/p>\n \u201cOn Monday, January 25 at noon PT you will receive an email from the Nasdaq Private Market with details, including how you can access the market, what shares are eligible for trading, and how the market will function,\u201d a message allegedly sent to Coinbase shareholders detailed.<\/p>\n <\/ins> <\/ins> <\/p>\n Rumor<\/a> has it that Coinbase will leverage the financial institution Goldman Sachs to lead the IPO. Moreover, pre-IPO futures (CBSE) are also trading hands<\/a> on the crypto exchange platform FTX. At the time of publication, CBSE\/USD markets<\/a> on FTX show the pre-IPO futures swapping for $272 per unit. CBSE is one of the largest tokenized stock markets on FTX outperforming the vaccine company\u2019s token stocks on FTX called Moderna (MRNA)<\/a>.<\/p>\n There have been some different predictions in regards to estimating Coinbase\u2019s overall value after the IPO. An analysis from messari.io analyst Mira Christanto details<\/a> Coinbase \u201ccould see the company valued at $28 billion.\u201d Research<\/a> compiled by The Block estimates the San Francisco firm could reach a $70 billion valuation.<\/p>\nReports Indicate That Coinbase May Sell Shares via the Nasdaq Private Market Ahead of the IPO<\/h2>\n
Coinbase Pre-IPO Futures Sees Significant Demand, Estimates Show Crypto Company Could Reach a $20 to $70 Billion Valuation<\/h2>\n