Cryptocurrency
Cryptocurrency platform Coinbase just confidentially filed paperwork to go public as Bitcoin hits record high
Cryptocurrency platform Coinbase just confidentially filed paperwork to go public as Bitcoin hits record high: (Business Insider) The major cryptocurrency platform Coinbase confidentially filed IPO paperwork to the Securities and Exchange Commission, the company announced Thursday, officially setting off the process to go public in the future. The company has been preparing for an initial public […]
Cryptocurrency platform Coinbase just confidentially filed paperwork to go public as Bitcoin hits record high:
(Business Insider) The major cryptocurrency platform Coinbase confidentially filed IPO paperwork to the Securities and Exchange Commission, the company announced Thursday, officially setting off the process to go public in the future.
The company has been preparing for an initial public offering since July, according to Reuters. Coinbase would be the first major US Cryptocurrency exchange to go public.
Coinbase was founded in 2012 by current CEO and board director Brian Armstrong and board director Fred Ehrsam. The company has raised $525 million to date and was last valued at $8 billion, according to Pitchbook.
The news comes as Bitcoin hits record highs, with a price of $23,770.85 on Thursday, and it’s bolstered the price of other cryptocurrencies. Coinbase’s filing comes after a string of other IPOs and IPO filings. Multiple startups, including DoorDash, Airbnb, Affirm, Roblox, and Wish, have filed to go public or gone public this year.