Connect with us

Business

Report: Coinbase cryptocurrency exchange debut postponed to April

Avatar

Published

on


Investors keen to get their hands on Coinbase Global stock once the company goes public will have to wait a little longer than initially expected. According to a report released on Monday by Bloomberg and citing “people familiar with the matter,” the cryptocurrency exchange delayed its direct public offering (DPO) to a point in April. Coinbase previously planned to launch its number this month.

Unlike an initial public offering (IPO) subscribed (i.e. initially subscribed and sold by underwriters of investment banks), a DPO is when a company sells its shares directly to investors through an exchange, in the case of Coinbase Nasdaq. Coinbase will be the first major company to adopt a DPO issue routed through the Nasdaq; the previous ones were made via the New York Stock Exchange.

Bitcoin symbol composed of colored spheres.

Image source: Getty Images.

Coinbase is a top-tier cryptocurrency exchange, having started in 2012 as an online marketplace for Bitcoin (CRYPTO: BTC). It now offers a wide variety of cryptocurrencies, although Bitcoin is still by far the most traded.

Thanks in large part to the popularity of Bitcoin in recent times, Coinbase has been very profitable lately. In 2020, it posted a net profit of more than $ 322 million, compared to a loss of more than $ 30 million the year before. Meanwhile, revenues doubled and then some during that time to reach $ 1.14 billion.

Coinbase has yet to comment on Bloomberg’s story. In its latest DPO prospectus, the company announced its intention to sell 114.9 million shares of its issue. It has not yet set a price per share.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a premium Motley Fool consulting service. Were motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.



What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]