Find: Coinbase IPO Set for April 14 — What You Need to Know Before Investing In the Crypto Trading Platform Nasdaq set a reference price of $250 per share for Coinbase on Tuesday, projecting a value for the largest U.S. cryptocurrency exchange at $49.19 billion “ahead of its landmark stock market debut on Wednesday,” according to a statement. Mar. "We started with crypto deposit accounts for customers and quickly learned that companies need more help beyond traditional 40-hours-a-week banking," Lane said. But it’s still not off the table that they will do this – it’s just extremely unlikely. While there’s no denying the move would be positive for the space, it would ultimately be an ironic situation for the company and industry. Coinbase adding Kramer to its board comes as the company is reportedly planning to announce its own IPO. For fiscal 2020, Coinbase reported $1.14 billion in revenue and diluted EPS of $1.40 ($1.57 on a pro forma basis). Wells Fargo paid out $414 million in dividends and repurchased $596 million of its common stock. Software firm MicroStrategy also puts its confidence in the cryptocurrency, after announcing that it will start paying fees to directors of the company's board in Bitcoin in place of cash, Bitcoin news reported on Apr. Related Article: China Bitcoin Mining Could Reach 296.59 TWh: This Could Affect Its Climate Change Reduction Programs. At Wells Fargo, consumer lending was down 8%, commercial banking loans were down 19% and investment banking lending was down 5%, while wealth management lending rose 4%. The news comes ahead of Coinbase's IPO launch scheduled on Wednesday, Apr. Coinbase share prices now stand between $200 and $375. The highly anticipated Coinbase (NASDAQ: COIN) IPO is set to take place next week. ⓒ 2021 TECHTIMES.com All rights reserved. It would be great for cryptocurrency if Coinbase did this. Coinbase goes public and as it filed an IPO form to become a public-traded firm so let’s read more in today’s Coinbase news.. Previously, the price surged as much as 4.7 percent reaching its previous record above $62,700 amid rumors that it would gain more mainstream acceptance as a store of value. Goldman’s record quarterly revenue and EPS were due largely to its investment banking segment, which posted record revenue of $3.77 billion. © 2021 TechTimes Inc. All rights reserved. According to CNBC's report on Apr. ... Next Cryptocurrency to Explode in 2021? ... Coinbase: Pass On The Upcoming IPO At $100B Valuation. However, we find it unlikely that Coinbase will fund their IPO with cryptocurrency because of regulatory concerns. 2, Coinbase announced its plan to go public after securing regulatory clearance for its direct listing from the Securities and Exchange Commission. The attention is deserved because many shares and a lot of cash will change hands. The direct stock offering values the company at around $65.3 billion, based on Nasdaq’s reference price of $250 a share and 261.3 million shares outstanding. ", Also Read: 'Ethereum vs. Bitcoin:' Ethereum Reaches $2,000 All-Time High Record; Bitcoin Expects to Hit $80,000 by End of April. 14. The US leading crypto exchange Coinbase has reportedly started to prepare for an IPO. Rumors Fintech News Podcast Events Newsletter Investing Best Online Brokers Personal Finance ... How To Trade The Coinbase IPO On Wednesday. Hold off on Coinbase for now, as there may be a better buy in the crypto exchange marketplace. Coinbase is currently valued at $8 billion, with its IPO listings seeing rumors of its market cap ranging from $40 billion to as much as $80 billion. For instance, a few weeks prior rumors spread that Goldman Sachs would be the exchange’s underwriter. Coinbase has postponed its Initial Public Offering (IPO) from March to April 2021. Shares traded up about 1.3% to $332.05 just after Wednesday’s opening bell. Throughout the middle of this year, there were rumors of Coinbase going public. According to reports, the company, valued at more than $8 billion, is looking to go public. There have been rumors that Coinbase will fund the IPO with cryptocurrency. Coinbase, for example, is a financial powerhouse in its own right, offering lending, borrowing, education, and more, right alongside investing. Yesterday, rumors began circulating regarding crypto exchange Coinbase going public with an $8 billion stock market listing. All proceeds of the offering will go instead to selling shareholders. Coinbase will be trading under Nasdaq under the COIN stock ticker, making the company its first major direct listing. Coinbase IPO stock looks like a good buy based on the company's strong growth outlook. The largest (by market cap) of the nation’s big banks, JPMorgan reported managed revenue totaling $33.12 billion, some 8.5% above the street’s estimate, and EPS of $4.50, about 47% higher than the consensus estimate. The SEC declined to comment. 13, the price of Bitcoin climbed at $63,236 before easing around $62,877. Reported revenue of $17.7 billion was nearly 43% higher than the consensus forecast, and earnings per share (EPS) of $18.60 were 82% higher than Wall Street’s estimate. The company ended the year with $1.06 billion in cash and equivalents and total assets of $5.86 billion. The EPS beat at JPMorgan had to do mostly with a credit reserve release of $5.2 billion and a decline of 11% in net interest income for the quarter. On Apr. At that valuation, Coinbase’s market cap is about half that of Goldman Sachs Group Inc. (NYSE: GS), which reported first-quarter 2021 earnings Wednesday morning that absolutely shattered expectations. Rumors about Coinbase’s possible IPO started to get strong after CNBC host Ran Neuner affirmed that Coinbase would, in fact, confirm the rumors, which did not happen. The rumors were way off the mark… Trading in the secondary markets is now signaling that Coinbase is worth over three times more than $30 billion. While the SEC has said some cryptocurrencies may be … The year 2020 has been a bonanza for companies going public while Coinbase … According to Reuters, the listing will need the U.S. Securities and … The change came soon after Coinbase sent an IPO draft registration to the US SEC. Though Coinbase has not yet announced an official date for its IPO, rumors point to Coinbase having their direct listing sometime in late March. Ahead of … Bitcoin, which represents over half of the world's cryptocurrency market, had more than doubled its price in 2021. Do not reproduce without permission. For fiscal 2020, Coinbase reported $1.14 billion in revenue and diluted EPS of $1.40 ($1.57 on a pro forma basis). 6, other details about Coinbase's direct listing are still unknown, including the number of shares of Class A common stocks it plans to resell during the offering. The company's platform also gives access to 7,000 institutions and 115,000 partners across the globe. Large corporations have been seen embracing the cryptocurrency, with Elon Musk's Tesla investing some of its corporate cash and announcing to accept Bitcoin as a mode of payment for its products. According to sources, the listing could take place this year or early 2021. SEC guidelines are very onerous and the audits before IPO are strenuous. 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