5 companies that could IPO after Coinbase
The time has come for the industry to see the fastest growth in the history of digital currencies. Not every company dares to declare itself “publicly” by announcing its IPO. However, Coinbase did it.
And even if the largest American cryptocurrency exchange became a pioneer, it certainly will not be the last company to take such an important step. Let's think together about who can follow in the footsteps of the American crypto exchange.
One of the direct competitors of Coinbase and a favorite among potential IPO participants in the coming years. According to preliminary data, the companies are predicting an estimate of at least $20 billion.
Kraken CEO Jesse Powell said they are ready to “go public” in 2022. Considering the record trading volume of the crypto exchange for the first quarter of 2021 and the influx of new users four times more than in the second half of 2020, the words about listing look like a very realistic forecast.
The Israeli team said it intends to pursue a $10 billion merger with FinTech Acquisition, backed by SoftBank. After that, according to the heads of the brokerage firm, it will make sense to talk about an IPO.
The merger is scheduled for Q3 2021. The current shareholders plan to retain 90% control over the company.
BlockFi CEO Zac Prince said they intend to go “public” this year. Although rumors about their listing began to multiply since the summer of 2020. Then the company “set itself up” by posting a CFO vacancy in order to control late financing and IPO.
A company specialising in investing in NFT is also interested in an initial offering. Thanks to their listing on the London Aquis Growth Market, they have already raised more than $48 million.
Today, listing by NFT Investments is most likely due at least to the interest in non-fungible tokens on the part of investors. While the topic is relevant, the company may well have time to grab a piece of the “IPO pie”.
Bakkt announced its listing back in January this year. Management intends to list on the New York Stock Exchange through a reverse merger with VPC Impact Acquisition Holdings for over $2 billion.
The closing of the deal is expected in the second quarter of this year, as a result of which the company will change its name to Bakkt Holdings.
Other IPO contenders include the crypto exchange of the Winklevoss brothers - Gemini, provider Blockchain.com, Dapper Labs, as well as the largest exchange Binance led by Changpeng Zhao. However, he recently stated that the team has no plans to conduct an IPO, as they have sufficient funds to grow on their own.