Coinbase Goes IPO Through Goldman Sachs

The largest cryptocurrency exchange Coinbase is going to IPO. This is a huge event for the cryptocurrency market.

The reason for choosing Goldman Sachs is very simple. Fred Ehrsam worked as a trader at Goldman Sachs from 2010 to 2012 and then co-founded Coinbase. Therefore, according to Business Insider, the choice in favor of Goldman Sachs was obvious.

Recall that the decision to go public became known on December 17, 2020. In a blog post, exchange officials said they had filed a Form S-1 with the SEC with an upcoming listing application. The commission must conduct all the required checks and give permission.

As of 2018, when the last valuation was carried out, the exchange was valued at $ 8 billion. After the IPO, according to analysts, this amount could reach $ 28 billion.

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