It was already known that the American exchange Coinbase wanted to go public. And it has just taken the first step, by filing with the U.S. Securities and Echange Commission (SEC).

Is Coinbase soon to be listed on the stock market?

The Coinbase trading platform reported on this first step towards an IPO in a blog post published yesterday.
It gives few details, but explains :

„Coinbase Global, Inc. announces that it has submitted a confidential proposal for registration on Form S-1 to the SEC.“

The company had been preparing for its IPO for some time, so the news came as no real surprise. Very few companies related to cryptomoney are currently listed on the stock exchange, so this is a particularly significant development. The ball is now in the SEC’s court, as the press release reminds us:

„Form S-1 will become effective after the SEC reviews it, it is subject to market and other conditions.“

The company had been preparing for its IPO for some time, so the news came as no real surprise. Very few companies related to cryptomoney are currently listed on the stock exchange, so this is a particularly significant development. The ball is now in the SEC’s court, as the press release reminds us:

„Form S-1 will become effective after the SEC reviews it, it is subject to market and other conditions.“

How much is Coinbase worth?

Due to the confidential nature of this application, it is not possible to determine the value of Coinbase. In 2018, Coinbase was worth $8 billion. But the company has grown since then. Several analysts have therefore tried to estimate how much the exchange platform is currently worth.

Mira Christanto, an analyst at Messari, explained that Coinbase would now be worth more than three times as much at the time of its IPO :

„Following the announcement of Coinbase’s IPO, we estimate the company to be worth $28 billion. Coinbase is one of the largest exchanges, with $1 billion in daily trading volume as of December 2020.“