Lark Davis, Crypto expert, uploaded a video onto your YouTube network to tell us how the Coinbase IPO would be the best investment in 2021. This is partly due to the recent huge increase in Bitcoin prices.
Coinbase Global is launching its very expected first public offering (IPO). Coinbase is also the largest exchange of American cryptocurrency, listing approximately 50 cryptocurrencies. Furthermore, users expect the Coinbase IPO to increase their interest and credibility in the crypto market.
There is no traditional IPO in the company. Rather, a direct listing is made available to the public. The current Coinbase holders will turn their shares into trading shares. This allows them to avoid high investment bank charges.
According to the Coinbase IPO submission, Coinbase sells 114.9 million shares directly to the public. In addition, a day before trades start, it plans to issue a quota price for shares.
Coinbase also has a value ranging from 70 billion dollars to 90 billion dollars. Coinbase said it has 56 million users on its platform, in accordance with a voluntary and preliminary first-quarter earnings report published last week. Compared with 6 million users a year earlier, this is a clear increase.